Today waterways. In addition, the landlocked Yunna

          Today
China and US play as the most influential and powerful role in the world. The
US standing as the world leading icon since 1890 according to its economic
productivity and military power. On the other hand, China, since its economic
reforms in 1978, also emerges as a one of superpower countries. In 2000s, the rapid growth of Chinese
economy enhances its political power within the global arena.

During the last quarter of the twentieth
century, most Asian developing countries have the experiences of transformations
in political and economic sectors. The rapid growth of Chinese economic power
affected on the politics and economy of these developing countries, especially
Southeast Asia countries. Meanwhile, the world leading power, the U.S emerged
to balance Chinese power in Asia and Southeast Asia. The Southeast Asia countries have intended to expand its
economic and political reforms through the power balance of the world powers,
the U.S and China.

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This paper will explain about the role of
Southeast Asian countries between the China and U.S, how can the power balance
of these two economic effects on the regional economic and political
sectors. 

 

2.The importance of The Southeast Asia
Region

 

The Southeast
Asian countries, playing as the vital role, were colonized by European
countries since 17th centuries because its maritime access between
Western and Eastern world, and rich in natural resource. After the World War
II, the maritime route of the Southeast Asian countries plays the most
important role in the expansion of the world trade. Therefore, their roles
became transformation into economic hub.1 

The location
of Southeast Asia countries crate to play a pivotal among the international
economic rivalry. Myanmar, Laos and
Vietnam can connect China through not only the Asian Highways but also inland
waterways. In addition, the landlocked Yunna of China can connect to the Indian
Ocean through the west costal exist in Myanmar.

The Southeast
Asia contries’ strategic location and rich in natural resources create the
desire for this China and the U.S.

 

3. China’s concerns about the Southeast
Asia Region

 

Since 1970s, Deng
Xiaoping’s open door policy introduced a market-oriented economic system to
reform the China economy. The construction of Special Economic Zones along
China’s southern coastline to increase foreign trade is the first step of its
newly economic policy.2
After that, China opened its economic investment around the world through
international trade.

In order to gain Chinese economic policy
goals, the Southeast Asian countries play as a crucial role for China. As the
large portion of oil imports are from Africa and West Asia through the Indian
Ocean, Southeast Asian countries are the main ports for China to meet the
energy security of its large populaion. Among the Southeast Asian countries,
Myanmar is the only shortcut to the Indian Ocean through Yunan. Through
Kyaukphyu deep sea port, China could not only import oil and gas for  its energy needs but also export its goods to
the west Asia and the middle east countires.3  Through the connectons of ASEAN countries
such as ASEAN Free Trade Area and Greater Maekong Subregions, China could meet
boosts in domestic and international investment as its cheap goods can export
to Myanmar, Laos and Thailand. The development of investment and trade between
the Southeast Asian developing countries and China mutually benefited to
their  social and economic stabilities. 4 To engage the economic cooperations between China and ASEAN, the
two parties signed the agreement to establish 
the ASEAN-China Free Trade Area (ACFTA) on 1 January 2010.5

Now a day, soft power plays an important
role in international relations. China gained international attentions by its
soft power, “economy”. Today, China can stand on the list of world largest
economy. According to the IMF datas, China’s economy increase by 6% in 2016
while the U.S is 1.6%. China has overcome United States and rated on the top of
economic in International Monetary Fund based on purchasing power parity (PPP)
of GDP indicator. It is the world’s second largest economy by normal GDP
according of 2016 data. As China is now gain as world’s second largest economy,
some also thought that BRIC Countries – Brazil, Russia, India and China will
dominant the world in the future.

 

4.U.S’s
concern about the Southeast Asia Region

 

Since
the end of the Cold War, the United State has stand standing as sole
superpower. After the power expansion to middle east, though the U.S has met
financial difficulties and that leads to decline in domestic economy, it still
line in world largest economies. US economy is still the foundation for the
global financial system. Development and possession of nuclear weapon can be
also count on as a military power in this era. It has 11 aircrafts carriers and
covered from two ocean and two friendly neighbours Canada and Mexico. US spend
36% of world’s military expenditure. The world’s military expenditure is
extimate1686 billion in 2016 (SIPRI Fact Sheet, 2017).

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