Know thy Neigbours – to support regional literacy, cross-cultural education and business transactions.
This report is valuable in compiling a Business Strategy to entry into the Australia and Asia market as well as cross-cultural education for regional literacy.
The Lowy Institute’s 2024 Asia Power Index provides a comprehensive assessment of the distribution of power in the Asia-Pacific region. This edition covers six years of data and evaluates the relative power of states based on various measures, including economic capability, military capability, resilience, future resources, economic relationships, defense networks, diplomatic influence, and cultural influence.
Key findings in 2024
China’s plateauing power: China’s power is neither surging nor collapsing. It is plateauing at a level below that of the United States, but still well above any Asian competitors.
Resilient US power: The United States has buttressed its standing in Asia — though it is losing ground to China on Military Capability.
India rising slowly: India has overtaken Japan to become the third ranked power in Asia, but its clout remains below the potential promised by its resources.
Japan is hardening up: Japan is changing from an economic and cultural powerhouse to one much more active in defence and security cooperation.
Southeast Asian powers on the rise: Southeast Asia’s heavyweights are getting heavier: Indonesia’s power has grown more than any other Index country since 2018.
Australia is holding its own: Australia continues to rise up the Asia Power Index, making it into the top five as others falter, but its own power is just holding steady.
Russia’s dwindling relevance: Russia has slipped down the power rankings to sixth place. Its relevance to Asia is declining as its war on Ukraine saps resources and focus.
Tripolar diplomacy: While Asia remains a “bipolar” game dominated by two superpowers, when it comes to Diplomatic Influence, power is more widely distributed, and Japan is a leading player.
THE LOWY REPORT > HERE+
The Lowy Institute: About+
