Jim and Ray welcome McKinsey & Company’s Global Director of Geopolitics Ziad Haider to discuss how businesses are navigating the evolving risks and opportunities of today’s Indo-Pacific business environment. Ziad asserts that the region is the engine of the global economy which is both economically vibrant but also highly volatile.

Ziad discusses the role of India and Southeast Asia as rising global economic power, and of course, the increasingly complex challenge of operating in China amidst its growing regulatory and geopolitical hazards. He emphasizes the need for companies to be prepared to adapt as circumstances can change quickly, as evidenced by recent supply chains disruptions and black-swan events such as the COVID-19 pandemic.

Jim and Ray welcome BowerGroupAsia’s Managing Director for Indonesia Doug Ramage to look at the country’s economic and geopolitical position as it moves on from a decade under President Joko “Jokowi” Widodo to new President Prabowo Subianto. They consider Indonesia’s position as a rising power with a $1 trillion economy, a G20 membership and leadership position within the Association of Southeast Asian (ASEAN) nations.

Doug credits the Jokowi presidency for championing a stable political and investment climate, and explains why he believes that Prabowo is seeking continuity while also promoting social development.

He explains that Prabowo will face a rising imperative to balance Jakarta’s relationships with Washington DC and Beijing in the face of rising great-power competition. He will seek to maintain Indonesia’s strong regional position and continue to promote ASEAN-centrality, while also continuing to promote its role as a leader in the Muslim world.

Doug unpacks the strains created by the twin impulses toward economic growth and trade protectionism, and how these may impact the former defense minister’s military modernization plans and the slow-moving effort to relocate the capital city.

Jim and Ray welcome Suzanne Vares-Lum, retired U.S. Army Major General, outgoing President of the East-West Center and Director-designate of the Asia-Pacific Center for Security Studies. Together they explore the geopolitical significance of the geographically vast but sparsely populated Pacific Islands region.

They discuss how these small island nations have found themselves in the midst of the great-power competition between the U.S. and China, while many have also become unlikely players in the cross-strait tensions between Taiwan and China. At the same time, the concerns that preoccupy these nations at international gatherings such as the Pacific Islands Forum include illegal fishing and climate change.

Suzy explains how the U.S. has been renewing its commitment to many of these countries through education and leadership programs, as well as opening new embassies and funding infrastructure projects.

To close, Ray tells the story of when he dispatched a special forces officer to rescue a stuffed animal.