Despite the significance of Southeast Asia, India, and Australia, they are often overlooked in economic analyses of Asia. SEAF director Donald K. Emmerson took part in a Pacific Pension Institute roundtable event, July 13-15, focusing on the economic potential of this "southern rim." He opened the conference by reviewing the historical and social diversity of these countries and assessing the extent to which that diversity is an asset or a liability for economic growth, political stability, and democratic reform.