It might be lower profile, but a major conflict in the Indian Ocean would have a devastating effect on the world economy, says Penny Wong.
Indian Ocean countries must safeguard against the risk of strategic “miscalculation” says Foreign Minister Penny Wong as she warns a major conflict would cause massive disruption to the world economy.
“As expanding military powers take a greater interest in our region, we each need to sharpen our focus, on what our interests are, and how to work together to uphold them.“The most serious scenario we must confront is the risk of strategic competition escalating into conflict.” “The fact is that the same unprecedented threats that are faced on the Pacific Ocean side of the region are also faced on the Indian Ocean side,” she said.
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