EAST ASIA MIRACLES

3 WAVE OF GLOBALIZATION

• DEMOCRATIC VALUES – EARLY 1990s
• FINANCIAL – LATE OF 1990s
• SECURITY – 2001 UP TO NOW

EAST ASIAN MIRACLES

* JAPAN STARTED IN MODERN ECONOMIC GROWTH IN
1885
* NIEs ( HONGKONG, TAIWAN, KOREA & SINGAPORE ) BEGAN EXPORT-ORIENTED ECONOMIC GROWTH IN THE 1960s,
* ASEAN ( THAILAND, MALAYSIA,PHILIPINES & INDONESIA ) EMBARKED ON THE SAME PATH IN 1970s,
* IN THE EARLY 1980s CHINA INTRODUCED OPEN ECONOMIC POLICIES IN AN EFFORT TO TURN ITS PLANNED SOCIALISY ECONOMY INTO A MARKET-ORIENTED ECONOMY,
* CLMV IMPLEMENTED SIMILAR POLICIES IN THE 1990s
* IN THE DECADE FOLLOWING 1987, ALL OF THE EAST ASIAN ECONOMIES ENJOYED HIGH ECONOMIC GROWTH.

REGIONAL IDENTITY, stimulated by

• EXTERNAL POLITICAL/MILITARY THREATS
• A PRODUCT OF GEOGRAPHICAL PROXIMITY
• RACIAL SIMILARITY
• HOMOGENOUS CIVILIZATION

THESE ELEMENTS REPRESENT INTERDEPENDENCE AND A SENSE OF UNITY AND PROVIDE A FOUNDATION FOR IMAGIZING AN EAST ASIA INTER’L SOCIETY.

US OBJECTIVE IN THE WORLD

• NON-PROLIFERATION OF NUCLEAR AND OTHER WMDs,
• DEMOCRACY AND HUMAN RIGHTS,
• FREE TRADE,
• OBJECTIVE SOMETIMES CONFLICT WITH EACH OTHER ( US-INDIA NUCLEAR DEAL )

US OBJECTIVE IN ASIA

• REGIONAL PEACE AND STABILITY,
• PREVENT THE EMERGENCE OF REGIONAL POWERS,
• PRESERVE AND STRENGTHEN MILITARY TIES WITH ALLIES AND FRIENDS IN THE REGION,
• ENSURE OPENNESS OF SEA AND AIR ROUTES OF TRANSIT AREAS.
• MAINTAIN COMMERCIAL ACCESS TO THE ECONOMIC OF THE REGION,
• US PERCEIVES ITSELF AS ASIAN PACIFIC POWER,
• US SEES ITSELF AS PRIMARY STABILIZING FORCE AND AS KEY BALANCE OF POWER IN REGION,
• US OBJECTIVE ESSENTIALLY UNCHANGED SINCE END OF WW II.

US OBJECTIVE IN CHINA

• WITHIN CHINA, SPREAD OF DEMOCRACY, RULE OF LAW AND HUMAN RIGHTS,
• INCOPORATION OF CHINA AS A RESPONSIBLE STAKE HOLDER IN THE REGION AND THE WORLD,
• BUSSINESS/COMMERCIAL INTEREST ARE VERY STRONG.