Southeast Asia and the politics of vulnerability

The economic and political crises that have engulfed Southeast Asia over recent years should not have come as such a surprise. A consideration of the region's historical position and economic development demonstrates just what formidable obstacles still constrain the nations of Southeast Asia as they attempt to restore growth and stability. This paper places the Southeast Asian experience in historical context, outlines the political and economic obstacles that continue to impede development, and considers some of the initiatives that have been undertaken at a regional level in the attempt to maintain a degree of stability and independence. Despite the novelty and potential importance of initiatives like the Asean +3 grouping, this paper argues that the continuing economic and strategic vulnerability of the Southeast Asian states will continue to profoundly shape their politics and limit their options.