Abstract

This study investigates Asia’s path to strategic autonomy in a rapidly decoupling global economy. It looks at the historical transition of Asia from a hub for the USA and Europe to a self-reliant economy. The paper explores the process of economic decolonization, stressing the difficulties Asian nations had to experience such as underdevelopment, governance issues, and social problems. It further explores the role played by important economic institutions such as the IMF, World Bank, and WTO to promote Asia’s economic growth. The study examines how regional trade agreements such as RCEP, SAARC, and APTA promote regional cooperation throughout the continent. This research aims to shed light on the strategic efforts and policies Asia as an economy has implemented to create its space in the international markets and support economic growth and resilience.

Keywords: Strategic Autonomy, Asia, Global Economy, Regional Cooperation, Trade Agreements

Introduction

Asia’s economic growth has experienced a historic trajectory from its emergence as a major manufacturing hub for the colonial powers to a globally independent and powerful economy. Economic dependency, political instability, and a lack of wealth are some of the difficulties faced by the nation’s post-independence.

Asia has shown a transition from a colonial economy to a powerhouse. Colonial powers exploited the nations and their resources. These colonial powers extracted raw materials like spices, silk, tea, rubber, and minerals, and shipped these resources to their home countries. During this period, they controlled local industries and global trade. However, the Asian nations followed the path of self-reliance and took steps towards economic independence and industrialization. 

The emergence of regional trade agreements such as APTA, SAARC, and RCEP shows Asia’s dedication to promoting economic integration and collaboration within the areas. These agreements helped in rapid regional development and boosted trade, investment, and technological upgradation. Despite facing issues like infrastructure backwardness and governance, the Asian nations stayed strong to achieve strategic autonomy.

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