The political economy of East Asia provides an understanding of key development aspects within East Asia while focusing on the quest for wealth and provision of a greater focus under which it would be possible to understand the rising economy of East Asia The East Asia region including countries such as South Korea, Taiwan, Singapore and Malaysia. The key issues that have been discussed in this case involve trade, finance, production and financial crisis, which are key aspects within any given economy. The East Asian block has created a significant focus and understanding under which it is possible to understand the significant developments that have been taking place in the recent past. The East Asia block has recently developed economically where they have been able to integrate key factors that have focused on creating operational environment under which it is possible to have engagement.
The development of East Asia have been significant bringing it at par with North American economy and Europe despite having been largely behind few decades ago. The political and economic stability in Asia has provided a very effective environment making it more attractive to investors considering the existing emerging markets that have created a crucial environment under which it is possible to have a high-level engagement A key development pillar within East Asia has been marketing itself as a block in order to front a more attractive venture to investors The regional emphasis has been strengthened through establishment of trade agreements, which have created a very enabling environment under which they are able to focus on vital developmental processes. The East Asia region has a very strong and unique cultural heritage that links all the countries that are able to understand key developmental issues as well as have a greater focus and understanding on important aspects, which help in fostering positive development processes.
Striving for wealth and power has been a significant objective within the East Asia block, This objective forms one of the key factors, which have pushed for higher development in terms of collective focus on improving their economic status, It is a clear understanding that having power comes with influence and this cannot be developed based on weak financial grounds. The fact that East Asian countries have managed to strengthen their economies over the years is based on a very strategic process, which is based on effective understanding under which it would be possible to achieve significant success and have a higher influence that is greatly being sought Development of an economic hub requires integration of key aspects, which are critical in improving the overall environment under which it is possible to have a greater focus and understanding under which better decisions can be made and improve the existing economic position.
Western Europe was able to grow as a block economically due to strategic measures that were put in place long time ago, which created a clear and effective environment under which it was possible to improve the underlying challenges. Navigating through global economic crisis has been one of the highlights of the East Asia, Planning process is key in navigating through the global economic crisis as well as diversifying a country‘s operations without limiting its operation to a specific region. The decline of Europe and America economically has been based on their decisions, which were hardly hit by the global financial crisis.