Asian values needed in new context

Guanxi, compadrazgo and bapakism. Three words from China, the Philippines and Indonesia that encapsulate the same values of the vast continent through the ages - a shared belief in the importance of the family and the community over the individual.

These values, rooted on Asia's culture and history and centered on consensus, social harmony, stability and discipline, are more important and relevant than ever in the face of challenges - such as protectionism and terrorism - confronting the world today.

Joefe Santarita, dean of the Asian Center at the University of the Philippines, said Asian values promote consensual approach and communitarianism rather than individualism, and they prioritize social order and harmony as well as respect for elders, discipline and a paternalistic state along with the primary role of government in economic development.