(THE GIST OF PIB) Asia Power Index

(THE GIST OF PIB) Asia Power Index

(SEPTEMBER-2024)

Asia Power Index

  • India ranked third in the annual Asia Power Index, released by an Australian think tank.

About Asia Power Index:

  • It was launched by the Lowy Institute in 2018.

  • It is an annual measure of power dynamics in the Asia-Pacific region.

  • It evaluates 27 countries across the Asia-Pacific, examining their ability to shape and respond to the external environment.

  • The Index focuses on both the material capabilities of states and the influence they exert on the international stage.

  • 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.

  • It index is divided into resource-based and influence-based determinants

Resource-Based Determinants:

  • 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.

  • Military Capability: Evaluates conventional military strength based on defense spending, armed forces, weapon systems, and signature capabilities like long-range power projection.

  • Resilience: The internal capacity to deter threats to state stability, including institutional robustness, geopolitical security, and resource security.

  • Future Resources: Forecasts the future distribution of resources, including economic, military, and demographic factors projected for 2035.

Influence-Based Determinants:

  • Economic Relationships: The capacity to exercise leverage through trade, investment, and economic diplomacy.

  • Defense Networks: The strength of alliances and partnerships, measured through military cooperation and arms transfers.

  • Diplomatic Influence: The extent of a country's diplomatic reach, participation in multilateral forums, and foreign policy ambition.

  • Cultural Influence: The ability to shape international public opinion through cultural exports, media, and people-to-people ties.

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Courtesy: PIB