With slowing growth in China and India, all eyes are now on the emerging Southeast Asian economies which are showing resilience not only towards these two large trading partners, but also towards the EU debt crisis.
Taking a look at the recent Asia Pacific GDP growth statistics you could be forgiven for thinking that there are storm clouds on the horizon. All the major countries in the region have had their GDP forecasts revised downwards.
The common question arising among all ASEAN member countries is how to become well integrated to be able to enjoy benefits from each other and, at the same time, to avoid harming or exploiting local markets.
The dispute over the South China Sea is no longer limited to regional claimants and could threaten the stability of the entire Southeast Asia region, if diplomatic efforts between China, the Philippines and the US fail.