Can Asians Resolve Global Problems?
DAVOS – Is there an “Asian way” to resolving global challenges? The conventional answer is no. But elements of an Asian way are gradually emerging. Given Asia’s growing influence, the world should pay attention – and may have much to gain.
The key to understanding Asian approaches is their pragmatism. Asians constantly adapt and change.
In the past, Asians put a premium on protecting their sovereignty and were wary of any multilateral approaches that could dilute it. Now, in response to global challenges – for example, pandemics, financial crises, and climate change – the vast majority of Asian countries understand that collective action does not erode but instead protects sovereignty. For example, despite losing faith in the International Monetary Fund after the region’s financial crisis in 1997, they agreed to contribute billions to the IMF after the recent global financial meltdown.