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11 - Asian-Pacific Regional Cooperation in the Post-COVID-19 Era

Published online by Cambridge University Press:  28 February 2022

Swarnim Waglé
Affiliation:
UNDP Regional Bureau for Asia and the Pacific, New York
Kanni Wignaraja
Affiliation:
UNDP Regional Bureau for Asia and the Pacific, New York
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Summary

INTRODUCTION

The international development agenda went on hold as countries responded to COVID-19 in 2020. The pandemic has not yet subsided as of this writing (Spring 2021), and the collateral damage may linger for years to come. Yet the COVID- 19 crisis poses both a threat and an opportunity. Regional cooperation in the post-COVID-19 era should rise to that dual challenge, helping countries to seize opportunities to advance the United Nations Sustainable Development Goals (SDGs), and to devise new ways to respond to future threats.

Regionalism is a core strength of the Asia-Pacific Region (APR). Regional trade, investment and technology flows have spurred rapid economic growth and development for decades. Even in crisis, regionalism has helped shape recovery. For example, the Chiang Mai Initiative established currency swap arrangements among countries to balance payments difficulties in the 1997 Asian financial crisis. Additionally, the vulnerability of the APR to natural disasters prompted a regional response that led to a global framework for risk reduction (UN, 2015). Such examples show that regional cooperation can and should play a leading role in the post-COVID-19 era.

Moreover, the five pillars of the United Nations Framework for COVID Response envision a set of priorities requiring regional policy frameworks – one that dovetails with efforts to achieve the SDGs. Various mechanisms to achieve this already exist, as this chapter will describe, but some remain underutilized or will require the development of country- and region-level capabilities. As we will see, both pandemic response and robust, sustainable recovery require consensus about regional public goods, with health, social safety nets, financial support and digitalization informing pathways for collaboration and integration.

This chapter outlines the agenda for a post-COVID-19 regionalism. The first section recaps the initial country responses to contain the pandemic. Their largely reactive character impeded regional cooperation and limited national implementation. These containment measures require a safe but speedy unwinding for a robust regionwide economic recovery. The second section reviews the regional effort to support recovery. The various subregional responses currently underway call for sharing, harmonization and scaling-up, with technical and financial support, into a larger policy framework.

Type
Chapter
Information
The Great Upheaval
Resetting Development Policy and Institutions in the Asia-Pacific
, pp. 299 - 323
Publisher: Cambridge University Press
Print publication year: 2022

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