The annual Asia Power Index launched by the Lowy Institute in 2018 to measures resources and influence to rank the relative power of states in Asia.
The project maps out the existing distribution of power as it stands today, and tracks shifts in the balance of power over time.
The Index ranks 26 countries and territories in terms of their capacity to shape their external environment, its scope reaching as far west as Pakistan, as far north as Russia, and as far into the Pacific as Australia, New Zealand and the United States.
The Index measures the ability of states to shape and respond to their external environment. A country’s comprehensive power is its weighted average across eight thematic measures of power:
ECONOMIC CAPABILITY
Core economic strength and the attributes of an economy with the most geopolitical relevance; measured in terms of GDP at purchasing power parity, international leverage, technological sophistication and global connectivity.
MILITARY CAPABILITY
Conventional military strength; measured in terms of defence spending, armed forces and organisation, weapons and platforms, signature capabilities and Asian military posture.
RESILIENCE
The capacity to deter real or potential external threats to state stability; measured in terms of internal institutional stability, resource security, geoeconomic security, geopolitical security and nuclear deterrence.
FUTURE RESOURCES
The projected distribution of future resources and capabilities, which play into perceptions of power today; measured in terms of estimated economic, defence and broad resources in 2030, as well as working-age population and labour dividend forecasts for 2050.
ECONOMIC RELATIONSHIPS
The capacity to exercise influence and leverage through economic interdependencies; measured in terms of trade relations, investment ties and economic diplomacy.
DEFENCE NETWORKS
Defence partnerships that act as force multipliers of autonomous military capability; measured through assessments of alliances, regional defence diplomacy and arms transfers.
DIPLOMATIC INFLUENCE
The extent and standing of a state’s foreign relations; measured in terms of diplomatic networks, involvement in multilateral institutions and clubs, and overall foreign policy and strategic ambition.
CULTURAL INFLUENCE
The ability to shape international public opinion through cultural appeal and interaction; measured in terms of cultural projection, information flows and people exchanges.
Source: https://power.lowyinstitute.org
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