Asean must find its own path, not mimic EU, says economist
PETALING JAYA : Asean must forge its own path towards integration instead of mimicking the European Union, says economist Woo Wing Thye.
The visiting professor at the Universiti Malaya Institute for Advanced Studies said Asean's strength lies in practical cooperation, tailored to the region's unique context, not in replicating foreign models.
'We need to focus on what is achievable within our region, starting with a coalition of willing and capable countries,' said Woo during a forum at Universiti Malaya today.
He urged member states to set aside long-standing historical grievances in favour of shared economic and geopolitical interests, warning that internal divisions would only weaken Asean's standing on the world stage.
'If Asean does not act collectively, it will not be taken seriously by the major powers,' he said, adding regional unity is essential to navigate growing global tensions and ensure Asean's continued relevance in international affairs.
The forum also touched on the broader geopolitical landscape, with several panellists noting the decline of US global dominance and the emergence of a multipolar order.
Fellow panellist and professor emeritus at Universiti Malaya Jomo Kwame Sundaram said US global dominance is waning, paving the way for a more multipolar world shaped by rising powers and shifting alliances.
He said the growth of minilateralism – international cooperation involving smaller coalitions of states – as well as the revival of the Non-Aligned Movement reflected a broader move towards rethinking global governance frameworks.
Malaysian Economic Association vice-president Evelyn Devadason said the outdated global system no longer reflects today's multipolar realities and must be rebuilt with leadership from middle powers in the global South.
She said future alliances may cut across traditional blocs, forming new governance structures that prioritise regional balance and non-Western perspectives.
Nungsari Ahmad Radhi, chairman of Khazanah Research Institute said growing distrust over the weaponisation of the US dollar will further accelerate shifts toward multilateralism and regional cooperation.
Last week, investment, trade and industry minister Tengku Zafrul Aziz said discussions between Malaysia and the US regarding the latter's 'reciprocal' tariffs had so far proceeded smoothly, with many issues resolved.
He said others require further scrutiny, particularly those related to the country's strategic sectors.
He also said the easing of US-China trade tensions will help soften the impact of tariffs on the global economy.
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