Showing posts with label Singapore. Show all posts
Showing posts with label Singapore. Show all posts

Tuesday, 22 July 2025

Europe and ASEAN

 Europe must prioritize strengthening ties with ASEAN, recognizing its political and economic significance and the region's rapid development and future-oriented investments. This strategic focus is essential in the evolving global geopolitical landscape.

Indonesia's symbolic military presence: Indonesia's exclusive invitation to the Bastille Day parade in Paris highlights its importance as a major Muslim-majority country and a key ASEAN member, reflecting France's and the EU's recognition of ASEAN's growing influence.
ASEAN as a strategic partner: The EU should view ASEAN as a vital ally, given the region's economic progress and investment in sectors like healthcare and retirement living, which offer opportunities for European engagement.
Competition with China: Europe faces direct competition from China, which is deepening its economic and digital cooperation with ASEAN, despite maritime disputes involving some ASEAN members and China's expanding influence in the region.
EU as a balancing force: The EU can serve as a stabilizing influence between China’s growing dominance and the unpredictability of U.S. policy, emphasizing support for multilateralism and cultural exchange to overcome geopolitical and cultural barriers.

AI summary of my opinion piece in today's Diário de Notícia (Lisboa), 18 July 2025.

Wednesday, 31 July 2019

IMF and the EU's ambivalence


The best people that could compete for the leadership of the IMF, following Christine Lagarde's departure, are not from Europe. They are from Mexico – Agustin Carsten, who is currently the General Manager of the International Bank of Settlements –, from Singapore –Tharman Shanmugaratnam, Chairman of the Singapore Monetary Authority and Senior Minister , and from India – Raghuram Rajan, former Governor of the Indian Central Bank.  These three are head and shoulders above the names the European are putting forward as their candidates. In a better system of global governance, one of them should be the next Managing Director of the IMF.

But, again, it will be a European. This has been the game for the last seven decades. The US gets the top job at the World Bank and Europe goes for the IMF. The European will be chosen because of EU’s political considerations – the balance between the different regions of the Union – and that will be it. It might end up by being someone competent. But certainly, if we give credence to the short list that is under consideration, an intellectual pygmy compared with the names I mention above, from other parts of the globe.

This would have been an opportunity for the EU to show to the world that it means business when it talks about the reform and the strengthening of the institutions of global governance. But the EU leaders do not want to walk the talk. They prefer a narrower view and respond to their EU internal politics first.

It is a bit of a shame, isn’t it?