In Southeast Asia, the Eastern and the Southeast Asians formed the Association of Southeast Asian Nations, or ASEAN . .ASEAN has played a central role in Asias economic integration, leading negotiations between Asian-Pacific countries to form one of the largest free-trade groups in the world, and has signed six FTAs with other regional economies. Many major economies of the Pacific Rim are members of the Asia-Pacific Economic Cooperation (APEC), which facilitates free trade throughout Asia and the Indian Ocean. The Soviet Union continues to foster political, economic, and cultural exchanges with several Southeast Asian countries.
Both countries have strong hopes of the political and economic stability of the Southeast Asian region, and the significance of Southeast Asian countries to both countries' diplomacy may be understood if one takes into account their geographical location, political and economic circumstances, and national security. There is diversity in responses between Southeast Asian countries to both the rise of China and to intensifying great-power competition in Southeast Asia, with different states seeking to manage relations with China and the United States-depending on geography, economic opportunities, perceptions of threats, historical experiences, and other factors.
Second, absent a superordinate colonial power, the newly independent states themselves must bear the responsibility for protecting Southeast Asia against great-power competition and rivalry. The new dynamics of corporate colonialism, their economic strength located within a major economic area, were nevertheless eager to exploit the countries of Southeast Asia for their labour and resources.
The potential benefits from the properly managed expansion of the energy systems in Southeast Asia, in terms of improving welfare and the quality of life of their citizens, are enormous. Regional and international trade has reached high levels of development, providing greater prosperity for large numbers of Southeast Asians than has been seen in a long time. The expanding trade between West Asia, India, and Southeast Asia helped the spread of Islam, with Muslim traders from southern Yemen (Hadramout) bringing Islam to the region through their vast volumes of trade.
WRITER- SHRUTI NAIR
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