East Asia Studies Essay Example | Topics and Well Written Essays - 1000 words

East Asia Studies - Essay Example Although much of the regional transformation in the recent years has been so positive, principally in the economic sphere, various challenges abound, this challenges pose the risk to stability in this region. It is rather hard to count on which of the two; economic and security, could trigger stability in the region. The discourse of security and economic situations has been hugely dominated by the rise of China’s economy which has a huge role of the foreign affairs and has also transformed the geographic landscape of the region, which has sent the policy makers in the region searching for effective ways to cooperate, while still evading uncertainty concerning its future course. Another trend that is being overlooked in the region is Japan’s own steady transformation. The growth of China in the region accompanied by global political influence and rapidly growing defense expenditures has stirred up the public sentiment of Japan towards China. Additionally, situations at the Korean peninsula have been in recent years has become increasingly destabilizing security and the geographical flashpoint. Most importantly the continued growth of China’s economy and its current modernization has the great security concern in the region (Beeson 187). Another reason for tension in the region and its neighbors is the use of water due to the increased population pressure; the whole per capita water accessibility has declined by between forty and sixty per cent. This creates a security concern in the scramble for resource now that there is a great rise of China population and the great industrialization in Japan the great weather that is experienced in the region does not come to of help to the highly populated region. The currency crisis has also been a major concern of the East Asian region. This issue has been of concern for quite a long time spreading from Thailand and becoming more regional. This issue has brought about retrospect in the imbalances of t he structure of the economy of Thailand which exposes it to short term debt; this has in turn affected the currency values of the countries that have had the same experience such as Koreas, Malaysia, Singapore, and the Philippines (Beeson 206-210). Amongst these countries, some of them such as Indonesia did experience great currency movements; with their currency facing up to 80% loss of its value. It is significant to note that this financial crisis had an influence on the regional institutional development, and it affected the reputation and standing of the major powers in various ways with Japan suffering the greatest damage of its regional leadership ambitions (Beeson 203-206). With much concern to the environment, the capacity of China has faced some greater challenges which are associated with the continued processes of economic developments, which have also been extended beyond the borders. There is some indication of the impact of the population of China on the East Asian co untries with the growing prices of commodities and resources such as Oil. The consumption of such commodities in China continues to rise which brings about the continued thinking of the significant development and significant future of the East Asian. Some sources argue that unless the externalities that are associated wi