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Essay / Research Paper Abstract
3 pages in length. The extent to which cultural values of East Asia enhanced competitiveness compared to those prevalent in North America and Western Europe are both grand and far-reaching; that these cultural interpretations of economic success are valid in the context of ever-growing globalization speaks to inherent connection between culture and economic success. Bibliography lists 3 sources.
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3 pages (~225 words per page)
File: LM1_TLCEastAsia.rtf
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both grand and far-reaching; that these cultural interpretations of economic success are valid in the context of ever-growing globalization speaks to inherent connection between culture and economic success.
The gravitational center of globalization has shifted so much from the United States and Europe to East Asia that is has established a significant concern
for the relationship between America and its East Asian counterparts. According to C. Fred Bergsten - Director of the Institute for International Economics, former Assistant Secretary of the Treasury
and Assistant for International Economic Affairs to the National Security Council - the United States has much to lose if it does not regain its once-solid stance regarding globalization, inasmuch
as East Asias impact upon technology - particularly in the manufacturing sector - is an ever-growing global commodity. Bergsten (2001) contends the potential
for economic conflict with East Asia is all but inevitable in light of the shift in globalizations gravitational center. Inasmuch as Asian countries are establishing "a bloc of their
own that could include preferential trade arrangements and an Asian Monetary Fund" (Bergsten, 2001, p. PG), the ultimate outcome has all the earmarks of creating a tripolar global environment.
Bergsten (2001) further asserts how the only way to prevent such a detrimental occurrence is for the United States to "quell its domestic backlash against globalization and reassert its economic
leadership in the world. The new Bush administration should make multilateral trade liberalization a top priority -- or it will face unpleasant economic and political consequences as the U.S.
and foreign economies slow" (p. PG). The very essence of globalization is that of change, to relearn stable and familiar ways in order
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