East Asia is a large territory comprising of different countries with China being its largest country. This region is so globally significant and the specific reason for this importance is its economic success and the importance and influence it has on the world economy. It hosts three of the five largest economy in the world including China, Japan, and Korea. The economic growth in the region has been driven by rapid modernization as well as specialization in advanced technology, which has contributed to its nations having highest standards of living throughout the globe.
The globalization of Chinese culture and influence has impacted East Asian and other regions in significant ways. For instance, by embracing globalization, China was able to offer international public goods and peaceful international environment that allowed it to focus on an export-led strategy of swift economic growth. These step has contributed to integration of China into the regional and international economies. Therefore, integration of China into the East Asia and international economy, it has cultivated relations and promoted economic stability and prosperity in these region.
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The oceanic trade has been so important to East Asia because it provides a strategic position that helps to feed some of East Asia’s largest economy. Being the most important trade route across the world, it has promoted global economic interaction in the East Asian region. It serves as the main transit route for supplying important commodities thus driving the rapidly economic growth of East Asia and across the globe.
In the recent years, the East Asia region's global influence in the areas of economic growth and development and within the context of environmental concerns changed. The reason is because the rapid growth has facilitated some problems in the economy, social, and environment. For instance, rapid industrial growth has led to changes in global climate due to carbon dioxide emissions, it has contributed to impoverished rural workers as they move to cities to look for jobs, and the industrial activity has resulted in more stress on transportation and energy system of the country as well as degradation of the quality of soil, water, and air.
But China’s rapid growth has caused a number of social, environmental, and economic problems. Rapid industrial growth in the cities has impoverished rural workers, who must migrate to congested urban areas to find jobs. Industrial activity has put stress on the country’s energy and transportation systems and degraded air, water, and soil quality. Industrial growth also has major implications for global climate change , as China is the world’s largest producer of carbon dioxide emissions. These events has accounted for this expanding influence, which has negative impacts on the global environment, economy, and social.
In the future, the East Asia region will be the largest economy in the global market in the coming decades. Their economic decisions would have a profound impact on the future economic developments worldwide.
