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Karinuelle Krisdiva
Department: International Relations
Year: Junior
Class: IR 309

Economic Development in East Asia

In a world where globalization is changing interstate dynamics, the economic status of states is becoming a crucial factor in determining well-being, hegemony, and security. Innovation and development are becoming the forefront of economic priority due to the interconnectedness of economies around the world. The economic development of a country is growing more to be a pivotal issue in domestic and international affairs. This unprecedented wave of prevalent cooperation initiatives are linkages that affect the stability of the global economy. The scope of influence ranges from individual citizens to sovereign regions. Countries that are deemed to be developed in the West enjoy the bounties that less developed states are void of. Today, East Asia is an emerging economy that challenges the status quo.

The emergence of South Korea, China, and Japan, in particular, have redefined economic development and the necessary conditions to support it. The prevalence of corporations such as Samsung and various products from China, for instance, is proof of the influence of these Asian states towards a changing economic landscape. Despite steering away from traditional approaches of Western economic development, the trajectory of these Asian economies is only but rising. Observing the changing dynamics in today’s contemporary economy can help predict future economic affairs. This begins with the understanding of the processes in which East Asia has embarked to achieve significant economic development as seen today.