Trade Between China and Asean

D URING THE PAST THIRTY YEARS the world has witnessed remarkable economic changes in the nations of the Pacific Rim. The first major advance was the rise of Japan out of the shambles of World War II to a position of economic dominance in the Pacific Rim as well as in the world. Next has come the equally remarkable economic development of the East Asian NICs (Newly Industrializing Countries) of South Korea, Taiwan, and Hong Kong. The third wave of this advancement is the emergence of China as a modernizing economy tied into the international market and the rapid growth in the economies of the Association of Southeast Asian Nations (ASEAN): Brunei, Indonesia, Malaysia, Philippines, Singapore, and Thailand. 1 During this third wave China has significantly moved away from the autarky of the Maoist period as well as from her traditional position of not relying on international trade to a position of actively using foreign trade, foreign investment, and joint ventures to achieve the industrialization of her economy on the basis of modern technology.2 An economic pragmatism prevails which lessens, but does not entirely remove, ideological constraints in the determination of trade flows and foreign economic cooperation. Although foreign trade and investment have been impeded over the past two years in response to the Tiananmen Massacre of June 4, 1989, the Chinese nevertheless remain committed to the principle of international economic interaction

Business · China · Geography · International trade · Pacific Rim · Political science · Socioeconomic Development in Asia

• The balance of great-power influence in contemporary Southeast Asia

  John D Ciorciari•International Relations of the…•2008

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  Samuel C Y Ku•Journal of Contemporary China•1998

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  Ho Khai Leong•The Pacific Review•1993

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