Explore whether the 21st Century will bethe asian CenturyExecutive SummaryThe term "Asian century"was coined at the end of the last century,as a result ofthe domestic and foreign academic,economic and political circles'observation of theeconomic and social development of Asian countries and their overall estimation ofthe global economic development process.Over the past 40 years,China,Japan,South Korea,Singapore,India,Malaysia and many other Asian countries have madeextraordinary achievements in economic construction and national development.As aresult,the world pattern has changed,which has aroused heated discussions on the"Asian Century".Asia's economic development depends on East Asia.East Asia hasbecome the most important engine driving Asia's economic development.In the lasttwo decades,the economic growth in Asia has clearly shifted from independentgrowth to regional economic integration,and the success of this transition is the keyto the realization of the Asian century.Over the past few hundred years,Europe and the United States have becomeworld economic leaders.So is the 21st century the Asian century or the Americancentury?By referring to relevant materials,this paper analyzes the economic strategiesof the United States,the relations between China,Japan and South Korea,thebottlenecks in China's development and the problems faced by Asian economicdevelopment,and predicts that the 21st century will not be the Asian century.Although the world's fastest growing economic engines,from Japan's economicmiracle to the rise of South Korea to the revival of China,are all in Asia,there are stillmany challenges ahead.Although China is now the largest economy in Asia and thesecond largest in the world,it is not yet strong enough to lead Asia in the 21stcentury.Table of ContentsExecutive Summary…IIntroduction1 Overview ofAsian economy21.1 Review of Asian Development.........21.2 The economic status of Asia in the world.32 America's involvement in the economic development of East Asia..........................32.1 American hegemony and its international foundation..................................32.2 America's role in East Asia................43 Obstacles to China-Japan-ROK cooperation.53.1 Historical issues............53.2 Territorial disputes.063.3 Unstable cooperation...........64 Problems in China's development..............74.1 China's economic development...........74.2 China's insufficient influence in the world.............84.3 Problems existing in China's economic development..........95 Problems facing Asia's economic development..95.1Security issues in Asia.95.2 Aging in rich Asian countries..............105.3 Low degree of economic integration in Asia....................10R................................................................................................................
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