Difference between revisions of "Economic integration among Asian Countries"

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== 1. Description ==
== 1. Description ==


Since the open policy Deng xiao ping launched in late 1970s, China has grown in economy and political power. In 2001, China joined the WTO. This gave China more opportunities in terms of market expansion and favorable trade terms. From the viewpoint of  both supply and demand, China has a potential to be the number 1 country; It has 1.3 billion people with the per capita income of $5,000 in 2003 and it is still growing. It is producing low price  products to be exported to other countries with the help of its vast labor forces.
Since Bandung Conference and the onset of The Association of Southeast Asian Nations (ASEAN, Countries in Asia region have tried to cooperate in many sectors. However, the main reason of these efforts is economic cooperation. China technically joined the club and the combined new association is called 'ASEAN + 1'. ASEAN has tried to sign a [[Non-aggression pact|Treaty of Amity and Cooperation]][http://www.aseannewsnetwork.com/2005/04/treaty-of-amity-and-cooperation-in.html] with most of its neighbours.


== 2. Enablers ==
== 2. Enablers ==

Revision as of 01:42, 2 June 2005

1. Description

Since Bandung Conference and the onset of The Association of Southeast Asian Nations (ASEAN, Countries in Asia region have tried to cooperate in many sectors. However, the main reason of these efforts is economic cooperation. China technically joined the club and the combined new association is called 'ASEAN + 1'. ASEAN has tried to sign a Treaty of Amity and Cooperation[1] with most of its neighbours.

2. Enablers

  • China joint into the WTO:
  • Good economic performance in China:attract foreign investors and enable Chinese companies cooperate with foreign companies
  • Global economic is not at booming:foreign investors intend to generate more money in China
  • More and more Chinese going abroad:
  • Huge development of telecommunication technology:
  • Good experience of those early investors in China:
  • More and more mature law system in China:Both Chinese and foreign investors are well protected by the law and Chinese companies are getting more and more experience withe internal sue.
  • Many big worldwide events take place in China:


3. Inhibitors

  • Economic unequality between regions
  • Political oppression
  • The North Korea nuclear crisis
  • The rivalry with the U.S.
  • The possibility of war against Taiwan:
  • The bad by-product of openning policy:Bad things like erotic materials, drugs and smuggling were also brought into China in the openning process. As a result, some people resist the opening or slow down the pace of openning.
  • A small number of countries impede on China's cooperation with the world:

4. Paradigms

d

5. Experts

e

6. Timing

-China and the U.S set the diplomatic relationship in 1979. -China began to carry out the openning policy in 1978. -China set up Shenzhen special economic zone in 1980. -China joint into the WTO on Dec.11th,2001. -China will cancel the tariff for telecommunication equipments before 2005. -The 2008 Olympic Games will be held in Beijing. -The World Expostition will be held in Shanghai.

- Nov 1989 : the fall of Berlin wall - Jan 1991 : the 1st Gulf war - Nov 1991 : U.S.-led UN sanction on the former Yugoslavia - Dec 1991 : demise of the Soviet Union - Oct 1993 : Battle of Mogadishu - July 1997 : Return of HongKong - May 1999 : Bobming of Chinese embassy in Belgrade by a NATO aircraft - Apr 2001 : A U.S. spyplane collided with a Chinese F-8 fighter jet - Dec 2001 : China joined the WTO

7. Web Resources

f

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