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|Title:||Australia's Economic Relations with China and Taiwan in the 2000s|
Australia;Sino-australian relations;Taiwan-australian relations;Investment;Trade;Education;Tourism
|Issue Date:||2008-12-01 14:39:40 (UTC+8)|
During the Cold War period, ideological and strategic considerations dictated nations' foreign policies as well as international relations. Asia Pacific was without exception. However, with the advent of the post-Cold War era, quite different from those in the Cold War period, at least two major characteristics of the international environment in Asia Pacific can be identified. The first one is the growing importance of economic affairs in international relations. In the Cold War period, national interest of most countries was monolith. To be more specific, economic interest was largely subordinated to security interest as a tool to achieve strategic and political goals. However, this is no longer the case in international relations in the post-Cold war era. For decision makers in Asia Pacific nowadays, the importance of economic affairs matters no less than security. Economic cooperation is always on the top agenda of summits. The most recent example is that Chinese Premier Jiabao Wen's visit to Russia. The visit was depicted in the media as energy trip. By the same token, economic cooperation topped agenda of South Korean President Moo-hyun Roh's trip to Russia in September, to India and Vietnam in October this year. The Russian trip was aimed at accelerating their economic cooperation in bilateral investment, energy, (linkage of) railways, space technology and information technology. In addition, it has become not uncommon that a country's economic interest conflicts with its security interest. This phenomenon exists not only between the two sides of Taiwan Straits, but also between Australia and China. China is both Taiwan's number one export market and the greatest security threat. Alternatively, for Australia, the worst scenario in the post-Cold War era is the confrontation between Washington and Beijing. This could put Australia in a dilemma torn between its security interest with the U.S. and economic interest with China. Derek McDougall points out "If war were to break out over the Taiwan issue, and the US came to the assistance of Taiwan, there would then be pressure on Australia to provide some support to the US. This would be a very divisive issue in Australia but, in this extreme circumstance, priority would most likely be given to the US alliance over the relationship with China." Another major characteristic of international environment in Asia Pacific since the end of the Cold War is the emergence of China.3 Despite of China's low per capita GDP (US$1,087 in 2003), according to WTO, PRC's total trade volume increased from US$325 billion in 1997 to US$500 billion in 2001. Its ranking in global trade thus has shot up from the thirty-second in 1979 to the fourth last year (2003). As a result, China has emerged as the third I argest imports nation in the world, only next to the U.S. and Germany.5 Last year, China's imports volume from Asia totaled US$272.9 billion, an increase of 42.4% from 2002. In particular, the growth rate of imports from the ASEAN, Japan, South Korea and India all recorded over 35%. 6 This has further deepened those countries' dependence on China's market. Furthermore, according to a report by the Organization for Economic Co-operation and Development (OECD), China, attracting US$53 billion of foreign direct investment (FDI), overtook the United States in 2003 as the world's biggest recipient of foreign direct investment. FDI to China continued to keep a stable growth rate of 11.99 per cent in the first half of this year (2004), with an actual FDI amounting to US$33.9 billion.7 Alternatively, in terms of amount of money used for merger and acquisition (M&A) in Asia Pacific, China emerged as the country that merged and acquired most companies of other countries in the area in the first half of this year.
|Relation:||澳洲研究(Taiwanese Journal of Australian Studies), 5, 97-124|
|Appears in Collections:||[外交學系] 期刊論文|
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