Anti-Japan protests erupt in China amid island dispute
August 20, 2012 -- Updated 0626 GMT (1426 HKT)
http://edition.cnn.com/2012/08/19/world/asia/japan-china-island-dispute/index.html
The fight for the island which is part of an uninhabited chain in the East China Sea claimed by both the Chinese and the Japanese. This has a lot to do with the economy in S.E. Asia region as whomever has the ownership of the islands would allow for exclusive oil, mineral, and fishing rights in surrounding waters. This would mean more resources and more business.This could result in another major conflict between these two but the benefits that comes along are undeniable it could possibly turn the economy of any country to the peak.
Very interesting article! Tremendous heat is boiling between the two countries (China and Japan) and it will be interesting to see which country will rule 'the island that both countries say is theirs'.
ReplyDelete@Kittipong Ngamjing- Who do you think has the rights to own the island?
Well, there is no one with the rights in this case from my perspective. As to who should own the island, I think they both should come to a consensus and share the resources instead of trying to monopolize it to themselves. This is just my opinion and I'm sure this would probably be impossible to happen.
DeleteI saw a BBC debate program yesterday that spoke to this very issue. China is aggressively pursuing potential sources for energy and production. The South China Sea (along with the Arctic) are the last great untapped potential areas for large gas, oil and mineral deposits, so everyone wants in on the game. The US has an interest as well in keeping this ocean zone open and free of conflict between China and other nations. The issue arises as to how long this may be possible, as China's population grows along with its resource needs--at some point somebody is going to make a move to claim those resources as they become more scarce. Scarcity of choice can also lead to conflict, something we have not touched upon in the course, but has been the source of conflicts and warfare throughout history.
ReplyDeleteI agree that the economy of the country that get the island will develop because natural resources play an important role in economic growth.
ReplyDeleteI agree that this article has a lot to do with the economy of Southeast Asia region and the event mentioned will have a significant impact on both Japan and China once the dispute is resolved. The article was a bit confusing when South Korea was involved.
ReplyDeleteThis fight will affect the economies of both countries. They won't be able to fish in a certain region. I didn't understand why South Korea got involved.
ReplyDelete