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This book presents a contemporary analysis of the impact of China's rise on the Mekong Region with particular focus on the consequences stemming from investment, trade, foreign aid, and migration.
This volume examines the relationship between transition economies and the rise of China through presenting empirical case studies from the Greater Mekong Subregion. In doing so, it offer insights into the effect of China on developing countries in general, and offers practical policy directions for the place-specific economies of the GMS.
Since the dawn of the industrial revolution, and the ushering in of an era of global economic relations, the United States and Europe have been the core poles of economic power. However, China along with India are increasingly challenging the traditional economic hegemony. An issue of great importance is how this shift in the global economic balance of power will affect developing economies and the transition economies of the Greater Mekong Subregion (GMS), which are located in China's backyard and deeply integrated into its economy through regional supply chains. This volume examines the relationship between transition economies and the rise of China through presenting empirical case studies from the GMS. In doing so, it offers insights into the effect of China on developing countries in general, and offers practical policy directions for the place-specific economies of the GMS.
In Southeast Asia, China’s growing economic and political strength has been accompanied by adept diplomacy and active promotion of regional cooperation, institutions and integration. Southeast Asian states and China engage in ‘strategic regionalism’: they seek regional membership for regime legitimation and collective bargaining; and regional integration to enhance economic development, regarded as essential for ensuring national and regime security. Sino-Southeast Asian regionalism is exemplified by the development plans for the Mekong River basin, where ambitious projects for building regional infrastructural linkages and trade contribute to mediating the security concerns of the Mekong countries. However, Mekong regionalism also generates new insecurities. Developing the resources of the Mekong has led to serious challenges in terms of governance, distribution and economic externalities. Resource-allocation and exploitation conflicts occur most obviously within the realm of water projects, especially hydropower development programmes. While such disputes are not likely to erupt into armed conflict because of the power asymmetry between China and the lower Mekong states, they exacerbate Southeast Asian concerns about China’s rise and undermine Chinese rhetoric about peaceful development. But the negative security consequences of developing the Mekong are also due to the shared economic imperative, and the Southeast Asian states’ own difficulties with collective action due to existing intramural conflicts.
China's global expansion is much talked about, but usually from the viewpoint of the West. This unique collection of essays provides diverse views on the challenges faced by Africa, Latin America and Asia as a result of China's rise as a global power.
"China," Napoleon once remarked, "is a sleeping lion. Let her sleep, for when she wakes she will shake the world." In 2014, President Xi Jinping triumphantly declared that the lion had indeed awoken, and "China's Asian Dream" became his signature slogan. Under Xi, China has pursued an increasingly ambitious foreign policy with the aim of restoring its historical status as the dominant power in Asia. Journalist Tom Miller has been on the ground in Asia watching this unfold for over a decade and in China's Asian Dream he offers an approachable, exciting, and in-depth look at China's growth and ascendant power. As Miller shows, from the Mekong Basin to the Central Asian steppe, the country is wooing its neighbors with promises of new roads, railways, dams, and power grids; Chinese trade and investment presents huge opportunities for these nations, and its ability to build much-needed infrastructure could assist in the development of some of the world's poorest countries. Yet China's rise also threatens to exploit its neighbors' vulnerability and make them wholly reliant on Chinese resources. In Vietnam and Myanmar, as Miller explains, resentment of Chinese encroachment has already incited anti-Chinese protests, and many countries in the region are seeking to counterbalance its influence by turning to the United States or Japan. Combining a concise overview of the situation with in-depth reportage, China's Asian Dream offers a fresh perspective on one of the most important questions of our time: what does China's rise mean for the future of Asia and the globe?

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