Today’s globalized economy is intricately interconnected and is heavily dependent on maritime trade in order to sustain the movement of energy, raw materials, and finished goods. The arteries of global trade include the narrow waterways of Southeast Asia, with about a third of the world’s trade and half its oil transiting through the Straits of Malacca and Singapore alone. As China and India continue their strong growth, sea trade through the straits is expected to increase correspondingly.
"Building Maritime Security in Southeast Asia,"
Naval War College Review: Vol. 61
, Article 7.
Available at: https://digital-commons.usnwc.edu/nwc-review/vol61/iss1/7