The Effects Of Asian Politics On The Global Economy
Asia politics is getting the attention of scholars from all over the world as this great and powerful continent continues to divide itself in a never ending series of proxy wars, infrastructures, and proxy terrorist organizations. Many people are surprised to learn that although Asia is a very large continent, it only consists of about the same number of countries as North America or Europe combined. In addition, there are many smaller countries in and around Asia that are emerging as strong economic and political superpowers. The following article is meant to discuss some of the most serious issues concerning Asian politics and its effect on the United States.
First, the rapid growth of China has been a major factor behind the slow but steady rise of South Korea’s GDP, Japan, and India’s. These countries have all experienced growth rates that would be considered relatively unprecedented in recent history. Second, the current debate over the validity of the so-called Asian Tigers – India, China, Japan, and South Korea – as well as the future of the Asian Union (Aus), has had a dramatic impact on the global economy. A recent study by Oxford University researchers found that a possible failure of the Asian Tigers could result in a recession of the developed world as a whole, with an almost equal number of countries in the European Union and the United States being affected.
Third, there has been much discussion recently about whether China’s recent growth rate of 5% per years is sustainable. If China were to suddenly stop growing at that rate, the rest of Asia could experience severe economic downturns. Many economists have also theorized that a collapse of the Asian economies will lead to a multipolarity of global politics, as countries like India, Japan, and South Korea increasingly seek influence in the United States and Europe and become either financially or politically closer to the United States and other developed nations, while China tries to promote bilateral trade relations with these nations and form its own economic alliance. The resulting outcome could be a multipolar outcome where China acts as a valve for global flows of capital, resources, and human capital, while the remaining countries in Asia become closer economically and politically.