While the effects of the pandemic are easing, Southeast Asian economies still face rising food and fuel costs, the end of historically low global borrowing rates, and supply chain disruptions. In a region marked by inequality, governments must ensure a recovery that protects vulnerable groups while being alert about debt sustainability.
After the US-Asean special summit, it is clear that Washington has realised it must recognise Southeast Asian nations’ own vision for regional development and inclusivity. The phrasing of the joint statement opens up space for US-China coexistence.