THE Institute of Strategic Analysis and Policy Research (Insap) had the honour of participating in a thought-provoking forum titled “Weaponisation of Economics and Restoring the Global Economic Order” on June 13 at Universiti Kebangsaan Malaysia; the event was co-hosted by the Institute of Malaysian & International Studies, and East Asian International Relations Caucus with support from the Australian High Commission Malaysia.
According to Prof Shiro Arm-strong, editor of the East Asia Forum at the Crawford School of Public Policy, Australian National University, the process of economic engagement and open trade has always involved risks. However, these risks have been mitigated relatively well under the US-led, rules-based multilateral order that has governed them since World War II. East Asia has been one of the biggest beneficiaries of the multilateral trading system, he added.
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