Wednesday 18 April 2018

The idea of Asian Union


The US president Trump tweeted about his dislike of the TPP on Tuesday, this added pressure on Japan. Japan is a large exporter in the world economy that trade in goods and services accounts for 16% of its entire GDP. Japan is not the only Asian ally that seeks for a trade deal with the US, South Korea is another such country that its trade in goods and services accounts for 42.2% of its entire GDP. Although China is definitely not an ally of America and is not likely to join the TPP anyway, China shares many mutual economic interests with Japan and South Korea and many other countries nearby. These three countries export goods and services, but they do not produce similar goods and products, each of them has their unique comparative as well as absolute advantages in terms of trading. When they form a trade deal, they all could potentially boost their trading volumes even further.

In terms of cultures, we cannot say China, South Korea and Japan share the same culture, but we can see there is a lot of interaction across these three countries' cultures. Countries that are closer to each other are more likely to better understand each other. Because modern wars are catastrophic, these countries want peace in their district, though they could have some conflicts of interests.

The three countries are influential in East Asia, if they can unit together, it is almost guaranteed that there would be no serious conflict in this district. In addition, because of the political stability in the area, it would encourage further economic development in this district. They would become more powerful and influential when they unit together than they are currently.

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