The Pacific Rim

Paper Summary:

In recent years, the importance of Southeast Asia has been increasing steadily. Thanks in large part to the rapid economic advancement of the region, which began with Japan, moved to Korea and Taiwan, and is currently being seen in China, this is an area in which Western countries are showing an increasing interest. This paper examines the relationships between countries in the region, as well as the changing way in which America views the nations in the region and the evolution of the relationship between America and these nations.

From the Paper:

"The rapid growth of the Chinese economy over recent years has also reinforced the importance of Sino-Japanese economic relations as the specter of trading blocs looms in the wake of the strengthening of the European Union and the development of similar blocs in the Americas. Increasingly, the economy of southern China has become more integrated with those of Hong Kong and Taiwan as overseas Chinese capital returns to China with the gradual opening up of Chinese markets. Given the large investments by Japanese corporations in companies operating in these regions, this has led to rapidly growing economic interdependence between Japan and China. China is now Japan's second most important export market after the United States, and Japan has surpassed Hong Kong as the most important market for Chinese exports."

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