Asia’s Bonds A Force For Good In Sovereign States.
A Simile comes to mind when you consider two systems or in this case a dichotomy. Two clear systems one based on economics the other based on ideology. One is prospering the other is self-harming. Having grown up in the Soviet era and seen how terribly oppressive living behind the “iron curtain” was. How we fought to rid our own UK streets of the militancy driving us to communism, how could we turn around now by supporting the EU which has adopted the same persona of the old Soviet Union.
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• One institution is linked to the global economic crisis sweeping the west who then reacted poorly even against its peers, the other has looked inward pulling together achieving phenomenal growth, prosperity throughout this period.
Asia European Union Dichotomy
It’s not rocket science to guess who I speak about. It is of course the antithesis of nirvana the European Union that bastion of authoritarianism, the Soviet Union in Western Clothes. On the other side we have a cooperative, a collection of Asian countries working together to bring each other up the economic and social ladder. Sovereign parliaments that learn from each other, that invest in each other. They don’t sit by and watch as rafts of young are left hopeless wallowing on their sun-drenched beaches off the Mediterranean, whilst their leaders stumble down stairs or slide under tables whilst indulging in opulent wines from the French vineyards.
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In 2008, Asia inter-regional trade was of such strength that it offset the downturn in Europe and US. So robust that growth in the Asia region it accelerated, hence forth doubling between 2008 and 2016. Starting 2008 at 29% of their internal trade rising to 59% in 2016. A volume increase equivalent to Europe’s internal market, not one “Common External Tariff” CET in sight.
To an Asian, Globalization is but a western pipe dream, one they want no part of. As 1998 proved, it did them no favours, may have even exasperated the issue.
There has been much debate whether Asia can decouple from the west for investment the answer is a resounding yes.
Consider this: Asia throughout the region is so diverse, it can sustain all their technology, agriculture alongside mass-produced production thus, satisfying all of their needs.
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