Abstract
The strategic implications of Asia's economic crisis will be severe. Regional cohesion has been undermined. The Association of South-east Asian Nations (ASEAN) has lost status, and regional institutions, such as the Asia-Pacific Economic Cooperation and the ASEAN Regional Forum, have been found wanting. Japan has proved to be an unhelpful power and resentment of the International Monetary Fund and the US is growing. China, by comparison, stands to gain in influence. The West's interests are to ensure that key countries such as Indonesia and South Korea - are not permanently weakened.
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