By Sheldon W. Simon, Evelyn Goh
Creation / Evelyn Goh and Sheldon W. Simon -- pt. I. Economics. From "threat" to "opportunity"? : ASEAN, China, and triangulation / Etel Solingen -- China's upward push and its impact on ASEAN-China alternate relatives / Suthiphand Chirathivat -- ASEAN and China : competitiveness, investment-trade styles, and financial and monetary integration / Tan Khee Giap -- China's look for strength safety : the consequences for Southeast Asia / Mikkal Herberg -- pt. II. Politics. China's upward thrust, Southeast Asia, and the U.S. : is a China-centered order marginalizing the U.S.? / Robert Sutter -- among China and the USA : ASEAN's nice energy dilemmas / Alice Ba -- Indonesia in triangular family members with China and the us / Irman Lanti -- pt. III. army. China as a huge Asian strength : the results of its army modernization (a view from the USA) / Paul H.B. Godwin -- China's army upward thrust to nice energy prestige : its implications for the U.S. in Southeast Asia / Michael Chambers -- army modernization, strength projection, and the increase of the PLA : strategic implications for Southeast Asia / Bernard bathroom lavatory
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Extra resources for China, the United States, and Southeast Asia : contending perspectives on politics, security, and economics
Example text
7 and 4 percent. 4 During the 1990s, even prior to the 1997 crisis, military expenditures also declined significantly as a percentage of central government expenditures (MILEX/CGE), from a high of about 16 percent in the late 1980s to about 10 percent in 2000. Myanmar From “threat” to “opportunity”? 19 has been the exception with exorbitantly high ratios for both MILEX/GDP and MILEX/CGE. The 1997 Asian financial crisis – the most dramatic economic, political, and social shock to the model since its inception – unleashed great concern with the model’s viability and with vulnerability to international capital flows.
China’s investments in the Philippines were mainly in mining and oil exploration. China also provided a $500 million loan for a railway project in the Philippines and both countries signed an agreement for joint oil and gas exploration in the Spratly islands. China’s investments in Indonesia are directed to the oil and the chemical, household electrical appliances, and motorcycle manufacturing sectors. China’s National Offshore Oil Corporation (CNOOC) is now the largest offshore oil producer in Indonesia after buying Repsol-YPF facilities.
If China’s rise is driven primarily by a ruling party whose legitimacy depends on sustaining high rates of economic growth, then military adventures with respect to Taiwan’s future or in the South China Sea appear unlikely. Such PLA actions around China’s periphery would jeopardize external investment and trade, thus undermining the PRC’s economic performance and political stability. Indeed, China’s longterm energy and resource needs for an economy still going through an industrial build-up suggests that the country requires a stable global environment in which the PRC is perceived as a contributor to global economic development.
