银川公立性病科医院:US, China eventually will sit as an equal at the table of power

来源：百度文库 编辑：九乡新闻网 时间：2024/04/28 07:41:02

US, China eventually will sit as an equal at the table of power

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2011-7-22 08:56


For over half a century--since the end of the Korean War in 1953 and the Vietnam War in 1975--the U.S. presence in the western Pacific has brought stability and security to the region. This has enabled economic development, with the inherent exchanges in investment and trade. Singapore is a prime example. Since the 1960s it has grown rapidly, its GDP rising from $974 million in 1965 to $223 billion in 2010. During the same period per capita income grew from $516 to nearly $44,000.


But American dominance in the region is now being challenged by China, whose economic rise is the most dramatic event of the 21st century. With the end of the Cultural Revolution (1966-76) the Maoist period of constant struggle to create perpetual revolutionary fervor passed into history. Deng Xiaoping, a pragmatist considered to be the architect of China's economic reform, restored stability and growth to his country. As vice premier of the State Council he visited Singapore in November 1978. The trip was a revelation. Deng saw how an island without natural resources was able to grow by linking up with the developed economies, inviting outside investment from multinational corporations and setting up logistic hubs and the services sector, which included the very important financial services.


When Deng returned to China in December, the government adopted the "open door" policy, which led to the 1980 opening of four mainland coastal areas as special economic zones in which outside investment and free trade were encouraged. These zones were highly successful and ultimately led to Premier Zhu Rongji's opening the whole country to trade and investment in 2001, when China became a member of the WTO.


The U.S. is now facing a China whose GDP will exceed its own in another 20 years. America will have to accommodate another huge power at the head table. But I believe it's best to welcome China so it can be part of managing the world's multifaceted problems, especially the poverty of the developing world.


The U.S. and China established the U.S.-China Strategic & Economic Dialogue against a backdrop of intensified competition in the Asia-Pacific region. Each country has actively sought allies there, while at the same time reaffirming its commitment to a stable and cooperative relationship. The U.S. has cultivated ties with India, Japan, South Korea and ASEAN. And while India, Japan and Australia have concerns about China's ambitions and assertiveness, they each want to preserve positive relations with China.


For stability to prevail in the Pacific there will have to be a balance of power, with the U.S. and Japan on one side and China on the other. Adding to the change in dimensions in the region is the rise of India. It has 1.2 billion people and in another 20 years will become more populous than China. India's economic growth rates have been impressive, and together with China, Japan and the ASEAN countries, it will move the economic center of gravity away from the Atlantic to the Pacific. Trade and investment between the U.S. and Europe will be overtaken by that between the U.S. and East Asia (China, Japan, ASEAN and India).


The U.S. will continue to hold its lead in innovative high-tech industries. The nature of the American society and economy is more diverse, with widespread centers of excellence that generate new ideas and creativity. That said, we must hope that competition for economic preeminence doesn't degenerate into conflict. China needs access to the American markets, trade, investment and technology, as well as to its open society and higher education centers. China sends thousands of its brightest to the U.S. to study, live and work in American research institutions. It wants to establish similar institutions in China, ones that are conducive to creativity and innovation, but it will take decades for China to catch up.


In 1949, following 250 years of chaos, Mao Zedong united China and proclaimed that the "Chinese people have stood up." If China can maintain its recent average annual growth rate of more than 10%, it is inevitable that it will eventually sit as an equal at the table of power.



The author is Lee Kuan Yew, minister mentor of Singapore
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