In Asia, economy and security can’t be separated
Australian Prime Minister Anthony Albanese, U.S. President Joe Biden, Indian Prime Minister Narendra Modi and Japanese Prime Minister Fumio Kishida arrive for the Quad Leaders’ Summit in Tokyo on May 24.
Saul Loeb | Afp | Getty Images
TOKYO — Security deals are important, but in Asia, money talks.
Australia, India, Japan and the United States wrapped their second Quad Leaders’ Summit on Tuesday in Tokyo, following a weekend visit by U.S. President Joe Biden to South Korea.
The Quad countries and others in Asia made clear over the last five days that while things like maritime defense are important, real security has to heed Asian countries’ economic wants and needs.
The Quad is an informal security alignment of four major democracies that came about in response to China’s rising strength in the Indo-Pacific region. As CNBC reported before the group’s first Leaders’ Summit last September, the Quad wants to branch into areas including…
