East Asia Studies
- East Asia Studies
- The discourse of security and economic situations
- Traditional approach
There has been tremendous changes in situations in East Asia, the East Asia of today barely resembles that was only a decade ago. Recent proliferation of several mini9sterial conferences and numerous multilateral dialogues, along with various calls for the creation of the East Asian community has built great confidence between the states and has ensured great stability in the center of such prompt transformations. However, the primary impetus to ensuring regionalism and integration of East Asia calls for cooperation between the states in a broader range of areas which would in turn greatly simplify the realization of a more comprehensive, cooperative, and stable regional community. Although much of the regional transformation in the recent years has been so positive, principally in the economic sphere, various challenges abound, this challenges pose the risk to stability in this region. It is rather hard to count on which of the two; economic and security, could trigger stability in the region.
The discourse of security and economic situations has been hugely dominated by the rise of China's economy which has a huge role of the foreign affairs and has also transformed the geographic landscape of the region, which has sent the policy makers in the region searching for effective ways to cooperate, while still evading uncertainty concerning its future course. Another trend that is being overlooked in the region is Japan's own steady transformation. The growth of China in the region accompanied by global political influence and rapidly growing defense expenditures has stirred up the public sentiment of Japan towards China. Additionally, situations at the Korean peninsula have been in recent years has become increasingly destabilizing security and the geographical flashpoint. Most importantly the continued growth of China's economy and its current modernization has the great security concern in the region (Beeson 187).
[...] The currency crisis has also been a major concern of the East Asian region. This issue has been of concern for quite a long time spreading from Thailand and becoming more regional. This issue has brought about retrospect in the imbalances of the structure of the economy of Thailand which exposes it to short term debt; this has in turn affected the currency values of the countries that have had the same experience such as Koreas, Malaysia, Singapore, and the Philippines (Beeson 206-210). [...]
[...] This will not only provide economic stability, but it will also provide a degree of institutional or political autonomy to a region which is increasingly conscious of its liability to external political and economic forces. Work Cited Beeson, Mark. Regionalism and Globalisation in East Asia; Politics, Security and Development. London: Palgrave MacMillan Print. [...]
[...] Most importantly the continued growth of China's economy and its current modernization has the great security concern in the region (Beeson 187). Another reason for tension in the region and its neighbors is the use of water due to the increased population pressure; the whole per capita water accessibility has declined by between forty and sixty per cent. This creates a security concern in the scramble for resource now that there is a great rise of China population and the great industrialization in Japan the great weather that is experienced in the region does not come to of help to the highly populated region. [...]