U.s. Asian Development Bank Essay

U.s. Asian Development Bank Essay

Length: 1061 words (3 double-spaced pages)

Rating: Better Essays

Open Document

Essay Preview

Even though US policymakers and experts in US-China had already proposed solutions, it is clear that nothing has been effective. One such is the US’s insistence in joining the TPP (Trans Pacific Partnership) at the same encouraging one of its greatest ally in the far east, Japan to join as well. However, with the upcoming election and both candidates taking a firm stance against it, it’s easy to say to say that this plan will end in vain. Another solution I’ve observed and they, the US and Japan persists on doing, is not to join AIIB (Asia Infrastructure Investment Bank) which is headed by China. Although ADB (Asian Development Bank) already exists in the region, China still took the initiative to form its own with itself as the leader ⁽⁹⁾. It currently has 57 members, a good competition with ADB’s 67 especially when it just started its operation on December 2015 compared to ADB which began in December 1966 ⁽¹⁰⁾. While this may seem benefitting the region, the organization should be critically analysed. The rising power of China is volatile and with its domestic problems increasing, particularly the unemployment rate, the Communist Party leaders are trying to distract the people by focusing Chinese people’s attention out of China and to the world, resulting to amassed Chinese nationalism.
My solution to China’s rise into power is simple, meet or double the amount of soft and hard power China is projecting to expand its influence in Asia. The US has the capability to do so, and it doesn’t have to be the only one. The US should utilize its formed alliance with China’s neighbouring countries instead. My proposed resolutions are as follow;
1) The United States should start rebuilding and re-solidifying its alliances in the Pacific ...


... middle of paper ...


...gest trading partner ⁽²⁰⁾. It is also worth noting that when Haiyan, hit the Philippines back in 2013, the US pledged $20 million while China pledged less than $2 million ⁽²¹⁾. While it is admittedly not an amiable tactic to threaten a country through monetary aid, soft power is the easiest way to garner support like China is doing in Pakistan and bordering nations. This plan may backfire and totally isolate the Philippines but it has been proven, time and time, how money plays a vital role in controlling influence (e.g. UN) and may convince the Filipino people to revolt and force Duterte to reconsider. Sun Tzu said that “Opportunities multiply as they are seized”. If the US can successfully reaffirm its alliances in the Asian region, it can use the influence of these countries to help further U.S.’s agenda. Especially with generous donors like Japan in her line up.

Need Writing Help?

Get feedback on grammar, clarity, concision and logic instantly.

Check your paper »

Domestic Consumption And Agricultural Production Essay

- ii. Agriculture Unlike SME, the agriculture sector remains the backbone of the country in which 82% of the people in rural areas depend the land and agricultural production for their survival through subsistence cash economy. Most of the educational, health, physiological and basic human needs are sustained through the agriculture sector. People in rural areas have depended on cash crops such as cocoa, oil palm, vanilla, coffee and fruits & vegetables for years to sell to the local market. However the problem is that, these farmers are not given subsidies by the government to expand their business....   [tags: World Bank, Poverty, Development]

Better Essays
1292 words (3.7 pages)

Essay about Role of IMF and World Bank

- Introduction The world’s major international financial institutions represent paradoxical ideals in their quest to satisfy the needs of both developed and developing nations. These institutions are chartered with helping poor nations but are criticized for their neo-colonial policies. Member nations are all considered equal, but contributions make some more equal than others. Mostly, these organizations are managed by rich nations that usurp the autonomy of developing nations in the pursuit of free markets and economic reform....   [tags: essays research papers]

Better Essays
1430 words (4.1 pages)

Asian Crisis Of 1998 Essay example

- Introduction Since 80’s until 90’s, Indonesia has been one of Asia’s most powerful economies especially in Asia Pacific. During this period, its economic grew at stable annual rate. But when financial agitation struck in 1998, Indonesia’s economic decreased rapidly. As the moment, Indonesia rupiah currency has dropped nearly 80 percent of its value against the U.S. dollar (pbs.org, 1998). Banks and major companies have collapsed overnight. Unemployment has growth dramatically and food prices have skyrocketed....   [tags: History Economics Asia]

Free Essays
1569 words (4.5 pages)

The American Century and the Asian Century Essay

- The last hundred years has seen the downfall of European centred multilateralism and imperialism (Schroeder 1986), the rise and fall of the Soviet Union as a bi-polar super power, and the steady hand of American dominance in international politics and economics, causing some to call it ‘The American Century ’. Despite The United State’s victory in the Cold War, the quick advancement of Asia, and in particular China, have led others to question the USA’s position as a unilateral power in the 21st century....   [tags: Cold War, US power, China]

Better Essays
1879 words (5.4 pages)

Financial Organizations: Bank of America Essay

- Bank of America Bank of America Corp ranks in the 21th place in fortune 500, falling back from a previous rank of 13th place. Known as one of the American largest company of its kind in the world. This was one of the first commercial bank to be open for public and was open five years before the first president, George Washington, was establish in office. The company provides loans, credit cards, consumer and business banking. Bank of America, was founded by Amadeo Peter Giannini and opened for business on July 5th, 1784....   [tags: loans, credit cards, business]

Better Essays
1586 words (4.5 pages)

Essay on What is the World Bank?

- During, and in the years after the World War 2, there was a significant need of financial aid, especially in Europe. The structural US were almost untouched, and their economy was rising. Soon they became the new superpower. At a conference held in Bretton Woods, New Hampshire, in 1944, the World Bank (WB) was founded for purposes of reconstruction in Europe. The head office was placed in Washington, and the bank president was American. When the economic situation in Europe stabilized, the WB shifted its focus....   [tags: Economics ]

Better Essays
977 words (2.8 pages)

The Causes of the Asian Crisis Essay

- The Causes of the Asian Crisis The Causes of the Asian Crisis. There are many speculations about the causes of the Asian Crisis. From my research I found out that there is quite a number of reasons for the Asian currency crisis. There is a book called; The East Asian Miracle, which was published by the World Bank. This book expressed the relationship between government, the private sector, and the market....   [tags: Papers]

Better Essays
2185 words (6.2 pages)

Asian Essay

- Asian Financial Institutions and Markets The Asian financial markets can be compared to the economic philosophy of mercantilism, which is regulated commerce to produce a favorable balance of trade. Governments regulate production techniques to ensure the quality of exports, and in general, subsidize production in their exporting industries. Tariffs can be high on imported manufactured goods and low on imported raw materials. The state exercises much control over economic life in these environments, chiefly through corporations and trading companies....   [tags: essays research papers]

Better Essays
950 words (2.7 pages)

Essay on east asian crisis

- East Asian financial crisis are an evidence of fact that economies are prone to fianacial pressures in spite of a stable sustainable growth rate. The East Asian economic crisis is the most important economic event in the region of the past few decades. That much is agreed. Beyond this, there is yet no unanimity about its root causes nor about the solutions. The differences of views are being debated in academic and policy circles and reflected in the media. One thing though is certain: the earlier optimistic expectation that it would last only some months has proved wrong....   [tags: essays research papers]

Better Essays
1427 words (4.1 pages)

Asian Financial Crisis Essay

- In the summer of 1997, an economic and currency crisis rocked the Asian markets. One by one, Southeast Asian countries such as Thailand, Indonesia, Korea and Japan saw their economies crash in the wake of heavy foreign investment. An economic boom had made the region an attractive investment opportunity for much of the 1990s. By 1997, however, domestic production and development had stalled, and foreign investors grew nervous. A divestment run on the Thai baht triggered the crash. Large corporations, extremely dependent upon the confidence of foreign investors failed to meet debt obligations and began to fail throughout Southeast Asia....   [tags: business economics]

Better Essays
2968 words (8.5 pages)