(THE GIST OF PIB) Asia Power Index
(THE GIST OF PIB) Asia Power Index
(SEPTEMBER-2024)
Asia Power Index
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India ranked third in the annual Asia Power Index, released by an Australian think tank.
About Asia Power Index:
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It was launched by the Lowy Institute in 2018.
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It is an annual measure of power dynamics in the Asia-Pacific region.
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It evaluates 27 countries across the Asia-Pacific, examining their ability to shape and respond to the external environment.
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The Index focuses on both the material capabilities of states and the influence they exert on the international stage.
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The 2024 edition offers one of the most comprehensive assessments of power distribution in the region to date. Timor-Leste has been included for the first time, reflecting its growing importance in Southeast Asia.
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It index is divided into resource-based and influence-based determinants
Resource-Based Determinants:
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Economic Capability: The core economic strength of a country, measured through indicators like GDP at purchasing power parity (PPP), technological sophistication, and global economic connectivity.
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Military Capability: Evaluates conventional military strength based on defense spending, armed forces, weapon systems, and signature capabilities like long-range power projection.
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Resilience: The internal capacity to deter threats to state stability, including institutional robustness, geopolitical security, and resource security.
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Future Resources: Forecasts the future distribution of resources, including economic, military, and demographic factors projected for 2035.
Influence-Based Determinants:
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Economic Relationships: The capacity to exercise leverage through trade, investment, and economic diplomacy.
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Defense Networks: The strength of alliances and partnerships, measured through military cooperation and arms transfers.
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Diplomatic Influence: The extent of a country's diplomatic reach, participation in multilateral forums, and foreign policy ambition.
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Cultural Influence: The ability to shape international public opinion through cultural exports, media, and people-to-people ties.
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Courtesy: PIB