After the Asian Crises: Perspectives on Global Politics and by Maria Weber

By Maria Weber

Providing a complete wisdom of the Asian situation from an monetary, political, and social standpoint, this ebook is split in components. the 1st contains quarter reports of the most Asian nations throughout the drawback, starting with China, Japan, and Southeast Asia, via South Asia and vital Asia. the second one half makes a speciality of foreign variables, together with environmental, political, and local issues.

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Pro-independence movements are strong and equally harsh 16 Area Studies is the repression by the authorities; here too events have major international implications. However, Tibet’s situation is radically different from that of Xinjiang. First and foremost in cultural and religious terms. Second, in economic terms, since Tibet does not possess the huge resources and/or potential for growth as Xinjiang. Third, in political terms, given that Tibet, unlike Xinjiang, has a government in exile – led by the Dalai Lama in Dharamsala – which a large section of Tibetans still regard as legitimate.

The loss of competitivity of Chinese products and the growing internal unemployment, due to the reform of the state enterprises, could lead to the Chinese currency being devalued by at least 15 per cent. But international political pressure has, until now, held at bay calls to devalue and forced repeated official declarations to the contrary. Devaluation could trigger off further depreciations in the region and, even more importantly, threaten China’s newly found hegemony in Asia as well as obstruct China’s efforts to join the WTO.

Also the manufacturing sector’s technological and innovation capabilities remain strong and intact. The Asian crisis has indeed deepened the economic difficulties, but it is also providing an opportunity for Japanese investors to strengthen their control over many companies and joint ventures in SEA, whose weaker local partners are in deep troubles. Japan could thus again surprise many observers and it might not take too long before some of the discredited institutions of today regain their reputation.

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