Rise And Risk Of China Essay

1702 words - 7 pages

The Rise and Risk of China

Australia has felt the full impact of Chinas “extraordinary economic growth and active diplomacy” (Ikenberry 2011, 23) in East Asia. The power transition of China “becoming a formidable global power” (Ikenberry 2011, 26) is of growing importance to Australia’s economic prosperity and security (Shen 2009, 110). But as relative power begins to shift, the latest defence White Paper released last Friday May 3, stated “the relationship between the United States and China, the region’s and the globe’s two most powerful states, will more than any other single factor determine our strategic environment over coming decades” (Probyn and Wright 2013). ...view middle of the document...

With the US “containment policy against communism [and] dominant leadership in the region and the international order”, China regards the US as “the key hindrance to the restoration of its great power status” (Shen 2009, 47-56). Shen points out that “a democratic Taiwan is in line with American values, a showcase of the universality of democracy” (2009, 76) and the US seeking to retain regional dominance through the Taiwan Relations Act of 1979, makes it policy to “provide Taiwan with arms of a defensive character” (2009, 60). A multibillion arms package to Taiwan was announced under the Bush Administration in 2001 under the vow that “America would do whatever it takes to defend Taiwan” (Bush in Shen 2009, 62). But with the US “determined to avoid entrapment in the Taiwan issue” (Shen 2009, 73), stability in the region depends on the “island being neither permanently separated from nor reunited with China” (Shen 2009, 58). With Chinas “refusal to renounce the use of force to solve the Taiwan issue” (Shen 2009, 69), the US will however be drawn into an undesired conflict in the face of an unprovoked attack. This leads to an ongoing concern over the possibility of a future China-US military confrontation.
The importance of Taiwan to both the US and China has threatening “repercussions for Australia’s foreign policy, national security and economic prosperity” (Shen 2009, 12). As the beneficiary of China’s economic boom, China has become the top trading partner and increasingly pivotal for the Australian economy. But as bilateral relations continue to “broaden and deepen” (Shen 2009, 90), China also challenges Australia’s security alliance with the US. Since the establishment of ANZUS treaty in 1951, former Prime Minister Kevin Rudd stated that it has “enhanced Australia’s strategic position in the Asia Pacific region in an emerging age of great strategic uncertainty” (Shen 2009, 102) . The uncertainty is evident in the precarious and ongoing Taiwan issue, and whether the alliance will “survive against the backdrop of US-China strategic rivalry” (2009, 32) is fundamental to ensure that the US remains Australia’s “ultimate grantor of its security” (Shen 2009, 108).
The 2003 foreign policy White Paper ‘Advancing National Interest’ stated that “Australia has a vital interest in supporting US strategic engagement in East Asia, because of its fundamental contribution to regional stability” (Australian Department of Foreign Affairs and Trade in Shen 2009, 12). Cogan argues that Australia has been “arguably blindly faithful” (2012) to the US, which would inevitably “incur maximum retaliation from China…with catastrophic repercussion for the Australian economy and regional interest” (Shen 2009, 109) in the event of conflict over Taiwan. With the newest defence White Paper including a US aircraft carrier to be based in WA (Probyn and Wright 2013), Cogan reports on “northern and western Australia as a crucial staging ground for potential conflicts...

Other Essays Like Rise and Risk of China

The Rise and Fall of Structured Finance

3804 words - 16 pages attracting them to invest as they appeared to be risk-free components certified by agencies that rated these securities. In the recent studies that have been presented through the subsequent studies in the past have confirmed the investments were riskier when compared to other assets and how they were advertised (Mallon & Waisman, 2011). The study, therefore, aims to explain the rise and the falling of the structured market process and how

The Rise Of Medicine And Medical Care

1909 words - 8 pages The Rise of Medicine and Medical Care A period of growing interests and a time of “rebirth” known as the Renaissance, led to many discoveries about medicine. This was a time to learn new knowledge and make advances in the medical area. Breakthroughs were happening all throughout this time which soon led to the realization that the heart pumps blood around the body. This was one factor that helped doctors find ways to help the wounded. The

Rise and Fall of the Great Powers

3601 words - 15 pages this transition. Not only are American markets struggling in high-technology, they are also losing in the agriculture market and usually safe blue-collar marketplace. All of these losses show the lack of ability that the United States has shown in adapting to new times and a much faster, newer, and more expensive world economy. Throughout The Rise and Fall of Great Powers, Paul Kennedy analyzes how different countries, including the United

The Rise and Fall of Equality

1038 words - 5 pages THE RISE AND FALL OF EQUALITY December 9th, 1989 10:45 pm was a definitive moment in the course of modern politics, not just because it marks the dissolution of some wall, but because it marks the collapse of a political system which had dominated the better part of the 20th century. It marks the collapse of a philosophy which promised universal liberation, but soon turned into a doctrine of oppression. It marks the collapse of communism

Rise And Fall Of The Roman Empire

1300 words - 6 pages expanding andstrengthening yourself instead of quelling rebellions. All things that rise must fall. Atabout 200 A.D., the Roman Empire started its decline. There was not just one reason thatRome fell, just as there was not only reason it rose to the level it did.Some of the reasons were political. The government that had kept Rome rolling on for700 years had become corrupt and the rich no longer cared at all what happened to therest of the populace

The Rise and Fall of Napoleon Bonaparte

2091 words - 9 pages The Rise and Fall of Napoleon Bonaparte The great French military leader Napoleon Bonaparte had initially capitalized on the changes of the French Revolution to improve the lives of French citizens. But over time, Napoleon's lust for power overcame his good economic, political and military accomplishments, and his transformation into a selfish dictator led to his fall. Napoleon was born on 15th August 1769 at

Art of War and Risk Management

770 words - 4 pages Universidad Autónoma de Nuevo León Facultad de Contaduría Pública y Administración International Business Program Finance VI Assignment: The Art of War by Sun Tzu & Risk Management Roberto Mauricio Sandoval Salazar Group: 8Vi ID: 1568794 Teacher: Eduardo Treviño Ciudad Universitaria de Nuevo León, February 28th, 201 The Art of War by Sun Tzu & Risk Management “If you know the enemy and know yourself, you need not fear

Risk and Benifits of Cosmetic Surgery

1078 words - 5 pages board certified with the American Board of Plastic Surgery. This certification indicates that a surgeon has completed extensive specialized training that not only shows his/her superior knowledge and experience, but also speaks of their commitment to excellence in the industry. Although there are benefits to cosmetic surgery there are quite a few health risks involved. One health risk is infection, not only around the incision, but your

Principles of Risk Management and Insurance

786 words - 4 pages provide leadership in coping with the nation’s healthcare economy. Jenkins Jr, Holman W., Wall Street Journal, 1 June 2005 Edition, pg. A21. Fred Terry fterry@elmore.rr.com Principles of Risk Management and Insurance Wall Street Journal Assignment 4 Due 23 Jun 05 Dr Deloach “Tobacco Accord Seems Likelier As Government Cuts Demands” Slashing cost to $10 billion for stop-smoking program may help bring a settlement in the anti-smoking

Explain What Risk Manegement Means and How Risk Should Be Determined by Calculating Likelihood of Risk and Potential Impact

826 words - 4 pages Risk is inherent in any business or activity, and risk management is the process of controling the risk, companies need to take risks in order to achieve their objectives, the type and variety of risks that they face will be different for each individual organisation. When explaining risk management and its process, it is important to note that we are talking about risk management from the security industry perspective as opposed to say

History of Korea China and Japan

1744 words - 7 pages forces within China to rise up. Because of the anti-foreign sentiments that were prevalent with the conservatives, China was unable to reform and adapt to the western imperialism and ways. Korea also saw their share of internal strife during the 19th and 20th centuries. During the early 19th century, Korea suffered from the monopolized political power of the royal in-laws, government corruption and riots and rebellions from the discontent of the

Related Papers

Rise Of China Economy Essay

4998 words - 20 pages Foreign Policy Research Institute FOOTNOTES Vol. 16, No. 06 The Newsletter of FPRI’s Wachman Center June 2011 THE RISE OF CHINA’S ECONOMY By Thomas G. Rawski Thomas G. Rawski, Professor of Economics and History, joined the University of Pittsburgh's faculty in 1985 after fourteen years at the University of Toronto. His research focuses on the nature and implications of recent developments and long-term changes in the economy of China. He

Exchange Risk Of China Essay

4879 words - 20 pages investment is very small compared to the positive value of government spending, consumption and trade balance. 4.4 Money supply The factor affecting the LM curve is the money supply. The rise of the money supply shifts the LM curve rightwards and causing the currency to deprecate. E 1 E 2 LM 1 IS 1 Y LM 2 I 1 Depreciation I 2 4.5 FX Market If we look at the Foreign exchange market we find out that in China there is still

The Benefit Of The Rise Of China

902 words - 4 pages Chinese Miracle or the Chinese Economic Boom saw thirty years of growth averaging over eight percent. Due to the fact that growth has recently decreased to seven percent, many people believe that China must now be cautious and avoid the “middle income trap”. China’s rise is believed to offer boundless opportunities, and as numerous countries begin to notice this, China’s economy continues to expand rapidly. A significant fear of China’s rise

The Rise And Spread Of Islam

1446 words - 6 pages Islamic culture took concepts and knowledge from other nations and made sometime improved it or added to it and passed it on to other nations, which strengthened the belief of Islam even more to people. All in all, the rise and spread of Islam was very significant during the Postclassical Era. Bibliography 1. Lui, Xinru. Ancient India and Ancient China, Trade and Religious Exchanges AD 1-600. Delhi: Oxford University Press, 1997