Increased Interdependence In The East Asian Community

1065 words - 4 pages

The notion for an East Asian Community has a long history, but has gained considerable traction since the late 1990s. The Asian Financial Crisis of 1997-98 underscored the need for such a regional bloc that aimed at connecting countries in the region. Since then numerous community building initiatives have been implemented such as the ASEAN+3, the Chiang Mai Initiative, and the East Asian Summit. In addition, the region has entered into a series of bilateral and multilateral Free Trade and Economic Partnership Agreements. These projects were driven by a shared sense of purpose among East Asian countries to construct a more Asian-oriented community. The region enjoys one of the highest growth rates in the world and rising intra-regional trade, investment, banking and financial links, technology transfer, communication, cultural and personnel exchanges have all helped to increase regional cohesiveness, connectedness and interdependence. As the countries in East Asia have become increasingly interdependent, leaders in the region have become more determined to build a framework for greater regional cooperation and integration. Regionalism has become a process in which East Asian nations can competently handle globalization and increased interdependence.
An East Asian Community would ideally seek the goals of preventing conflict and promoting peace among the nations of East Asia, achieve closer economic cooperation in areas such as trade, investment, finance, and development, and advance human security. This community would be guided by respect for internationally accepted principles and norms including mutual respect for international law. Moreover, the community would avoid duplication of the work of other regional frameworks and instead complement their contributions. East Asian multilateral security mechanisms would be viewed as confidence building measures aimed at promoting dispute resolutions and crisis management mechanisms. Traditional as well as nontraditional security issues such as territorial and maritime disputes, border problems, competition for resources, transnational crimes, and international terrorism are common challenges that the East Asian Community would tackle through joint and cooperative responses.
The necessity for an East Asian Community has never been greater. Globalization of the world economy and trends towards regional trading blocs brings new challenges. Global standards need to be defined and regulations harmonized. Regional cooperation and coordination are required to advance the region’s common interests. The region is endowed with an abundance of skilled labor, entrepreneurs, natural resources, capital and advanced technology. These common challenges and complementary resources call for mutually beneficial cooperation and exchanges, not only in the economic realm, but also in the political, security, environmental, social, cultural and educational arenas. The rapid rise of China and its increasing influence...

Find Another Essay On Increased Interdependence in the East Asian Community

Asian Stereotypes in the Media Essay

2363 words - 10 pages interpreted, and not falsely assumed. The understanding of Media Literacy will not be extremely effective in the use to solve daily problem, but it is best to defy the manipulation of the media, and keeping a true image of the truth that are encrypted into our reality. Asian Stereotypes are a particular misinformation of the media. Ever since the arrival of Asians during the gold rush, they have always been portrayed wrongly in the media. When comes

Boom and Bust: Financial Deregulation and the East Asian Financial Crisis of 1997/1998

1883 words - 8 pages downside regulations to protect the interests of savers and dependence on a continued flow of other persons' savings.In the case of East Asian economies, decades of uninterrupted growth in living standards were partly based on high domestic saving (what is left after consumption spending on living expenses). In comparison, foreign investors' living standards were higher and so an investing economy (such as the US) would likely choose to supplement

Democracy in The Middle East

1227 words - 5 pages of implicating democracy over the existing societies in the Middle East will not be as effective as various other measures that could be taken by the international community to promote peace in a currently hostile territory. Works Cited • Layne, C. 1994, ‘Kant or cant: the myth of the democratic peace’, International Security, 19(2), Pg. 5-49. • Russett, B. M. 1995, ‘The democratic peace: and yet it moves’, International Security 19, 4, Pg

Regionalization in the Middle East

580 words - 3 pages , which occur at the level of political decision-making . Know localization increased activity based on the region , and is characterized by economic and social interactions unguided between actors from non-State both individuals and corporations , companies and non-governmental organizations , etc. While many of the attempts at regional launched in the Middle East during the latter half of the last century , and progress has been limited in

Peace in the Middle East

1292 words - 5 pages The text begins its history with the Middle East around the time of Muhammad and the creation of Islam. From that time forth uprisings, demonstrations and acts of violence were commonplace and have continued to be since that time. To dig a little deeper and go back a little further in Middle East history one will find that this pattern of unrest stems from as far back as proof provides. To see a timeline of significant wars or battles of the

Nationalism In The Middle East

1561 words - 6 pages geographical area where nationalism relates directly to the events occurring today would be in the Middle East where nationalistic views of two different nations, that of Jews and Arabs, coincide to create a very volatile conflict that has run its course for nearly a whole century.      A “nation” is defined as a group with a common culture, language, folkways, and values. A “state” refers to a government in control of

Nationalism in the Middle East

1806 words - 8 pages efforts to maintain supremacy. Consequently, the nation-state nationalism remains dominant in the Arab world. 1.The 19th and 20th centuries were a time of heightened interactions between Western superpowers and Middle Eastern people and nations. How was the West seen by Middle Easterners? How was the East perceived by Western scholars and diplomats? What were the policy implications of these perceptions? Mention at least 3 concrete examples

Revolutions in the Middle East

2338 words - 9 pages “We want to be, I think, an example for the rest of the Arab world, because there are a lot of people who say that the only democracy you can have in the Middle East is the Muslim Brotherhood.” said King Abdullah II of Jordan when asked about his country and the possibility of democracy in the Middle East. There have been many questions asked about whether or not Arab countries had the capability to achieve democracy (Baroud). Out of all of the

Imperialism in the middle east

1341 words - 5 pages continued the modernization of Egypt, including the completion of the Suez Canal, but also drew the country deeply into debt. To prevent Egypt from going bankrupt, Britain and France intervened politically. Foreign financial control provoked a violent nationalistic reaction in Egypt that led to British occupation of the country until 1956. Natural Resources Beginning in the 1800s, imperialism was also practiced in the Middle East. The prime

Water in the Middle East

1086 words - 5 pages of Khardali, in a volume of 150 million m3”. " Another 65 million m3 allegedly was taken from Wazzani and Hasbani . The edition of the U.S. Defense Department “Lebanon : a review of the country” ( 1989 ) also states that “ in the late 1970’s - early 1980’s Lebanese reported a plea of derivation of water from the small tributaries of the Hasbani to Israel” (Middle East International, № 458, 10 September 1993). Western and Arab media published an

Women in the Middle East

2331 words - 9 pages In the book, Women in the Middle East, a Saudi Arabian proverb states, "A girl possesses nothing but a veil and a tomb" (Harik and Marston 83). The key words, "veil" and "tomb" lend evidence to the fact that many Middle Eastern women lack identity symbolized by the “veil” and lack the right of ownership except for their veil and the tomb. This statement further enforces the notion that many women in the Middle East are expected to serve and

Similar Essays

Living And Coping With Cystic Fibrosis In The South Asian Community

1694 words - 7 pages investigated the different perceptions of CF have suggested that many CF related problems such as; decreasing lung function, infertility and poor mobility can raise many cultural issues within the Asian community. A failure in fully understanding the illness can lead to many presumptions of CF. Duff, (2003) stated that, although many Asians do not want to take part in an arranged marriage, the process of finding a partner and a family which can accept the

Relationships And Interdependence In The Works Of Kurt Vonnegut

3036 words - 12 pages Relationships and Interdependence in the Works of Kurt Vonnegut While on the surface Kurt Vonnegut's works appear to singularly contain the pessimistic views of an aging, black humorist, his underlying meanings reveal a much more sympathetic and hopeful glimpse of humanity that lends itself to eventual societal improvement. As part of Vonnegut's strategy for enhanced communal welfare, the

The Increased Use Of Steroids In Athletics

1247 words - 5 pages The Increased Use of Steroids in Athletics In the past three decades, steroids have become a serious problem in the athletic field. The demand for it has increased within recent years and the prices shot up since the mid-1980's. The smuggling of steroids into the United States increases every year. The methods have become easy. Simple methods such as stashing it inside a teddy bear, sneaking it across

Asian Stereotypes In The Media Essay

1382 words - 6 pages “Family Guy” and its Asian Stereotypes “Family Guy” is well known to be a cartoon of disgrace and ill-mannered portrayals of real life events. Asian Stereotype was no exception portrayals in “Family Guy”. In many of the Asian stereotypical scenes in “Family Guy”, one of the episodes shows a scene about an Asian woman driver causing wreckage on the freeway as she exits out of the freeway itself. The following is a dialogue of the scene: ASIAN