Global Asia - December 2024

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Countries across Asia are preparing for the return of a more emboldened Donald Trump following his convincing victory in the US presidential election in November. From trade to US-China rivalry to the state of alliances in Asia, the list of uncertainties over how Trump will deal with the region, amid growing geopolitical tensions across the globe, is gripping Asian leaders.
In this cover package of Global Asia, we assemble an array of voices to gauge how the challenges of a second Trump term are being viewed in Asia and what calculations are being modeled to handle the multitude of deals that Trump is expected to seek across the region.
In our Features section, we open with an examination of the shocking declaration of martial law on Dec. 3 by South Korean President Yoon Suk Yeol, his impeachment just 11 days later and what this says about the strengths and weaknesses of the country’s democracy.
Elsewhere in the section, we look at the crippling effects of the property slump in China on the country’s struggling economy; the mixed approaches Southeast Asian countries are taking to China’s Belt and Road Initiative; whether Japan’s Shigeru Ishiba has what it takes to deal with the challenges the country faces; the growing role that Tibet’s diaspora has assumed over the years, as the prospect of the Dalai Lama’s passing looms; how leftist outsiders have become a Third Force in Sri Lankan politics after this year’s elections; and the role of Saudi investments in Pakistan and what they portend.
As always, our Book Review section has a rich range of some of the most intriguing new books on Asia that we hope you’ll consider reading.

Global Asia Magazine Description:

Global Asia is a quarterly publication of the East Asia Foundation. The foundation, established in Seoul in January 2005, strives to promote peace, prosperity, security and sustainability in East Asia by creating an open and creative forum for the exchange of ideas on regional co-operation and integration, among other goals.
The mission we have set for ourselves with Global Asia is both bold and urgent: It is to provide a compelling, serious, and responsible forum for distinguished thinkers, policymakers, political leaders and business people to debate the most important issues in Asia today.
Global Asia is not a journal with a fixed point of view, or a particular agenda. Our aim is to give voice to the global dimension of what is happening in Asia. In our pages and on our web site, we aim for Asia to speak to the world, and the world to Asia. That is important at a time when this region is playing an ever greater role in world affairs.
There are other fine publications on international affairs. What sets us apart is our focus: Asia. We believe that the world is moving into “the Age of Asia,” to borrow a phrase from one of the articles in the inaugural issue of Global Asia in September 2006. This transformation is not going to occur overnight, but it has already begun.
The region’s dynamic economic growth, stable and accountable political systems, maturing democracies, and evolving sense of community are giving Asia greater weight in the world. These developments will have enormous implications for governments, businesses, societies and individuals across the globe. How that transformation is viewed, and shaped, from within Asia and how it is perceived outside Asia is an essential part of the story we have to tell.
The forces of globalization are having a profound impact throughout the world. And they are being influenced and channeled in different ways in different parts of the world. Ours is the story of Asia’s experience with globalization, and the ideas and debates influencing it. In pursuing our mission, we aim to play a part, however modest, in helping to shape the future of Asia.