Most talk about globalization these days is doom and gloom. It’s all U.S.-China decoupling, tariffs, export controls — the fragmentation of the world economy into competing geopolitical blocs.
But as I’ve been arguing for a while now, there’s one region of the world that’s well-positioned to grow and industrialize in the new era of geopolitical fragmentation. This is the region I call SASEA — an acronym for South Asia and Southeast Asia. South Asia includes India, Bangladesh, Pakistan, and some smaller countries nearby. Southeast Asia includes the big island countries of Indonesia and the Philippines, the medium-sized mainland countries of Vietnam, Thailand, and Myanmar, the small rich countries of Singapore and Malaysia, and a few others.