1. Asian Paradox I35003 Suh Hee Jong

2. Table of Contents 1.Asian Paradox 2.The United States 3.China 4.Japan 5.North Korea 6.South Korea 7.Conclusion – Enduring Peace

3. 1. Asian Paradox Capitalist peace theory -Economically developed countries have not engaged in war with each other. -Because war would damage their mutual interests. Asian Paradox -Despite economic interdependence of Asian countries, -There still remain security competitions

4. 1. Asian Paradox Major trading countries in 2014 (The United States) RankCountry 1Canada 2Mexico 3 China 4 Japan 5UK 6Germany 7 South Korea Source: The Korea International Trade Association Major trading countries in 2014 (China) RankCountry 1 US 2Hong kong 3 Japan 4 South Korea 5Germany 6Netherlands 7Vietnam Source: The Korea International Trade Association

5. 1. Asian Paradox Major trading countries in 2014 (Japan) RankCountry 1 US 2 China 3 South Korea 4Taiwan 5Hong kong 6Thailand 7Singapore Source: The Korea International Trade Association Major trading countries in 2014 (Republic of Korea) RankCountry 1 China 2 US 3 Japan 4Hong Kong 5Singapore 6Vietnam 7Taiwan Source: The Korea International Trade Association

6. 2. The United States 1.The war on terrorism after 911 → Tied to Middle East 2.Rebalancing strategy & Pivot to ASIA vs Reducing national defense expenditure 3.Rising power, China Bilateral cooperation vs Power transition The East & South China seas vs US Missile defense

7. 2. The United States Major Foreign Holders of US Treasury Securities in 2014 (unit: billions of dollars) RankCountryHoldings 1 China, Mainland1266.3 2 Japan1221.1 3 Belgium353.9 22South Korea54.5 Source: Department of the Treasury / Federal Reserve Board

8. 3. China 1.“Chinese Dream” & 大国 → Equal footing with the US / e.g. North Korea Nuclear 2.Diaoyu/Senkaku Islands 3.Socotra rock /Ieodo Islands Diaoyu/Senkaku Islands Socotra/Ieodo Islands

9. 4. Japan 1.Collective self-defense → Burden sharing with the US 2.Senkaku/Diaoyu Islands & Dakesima/Dokdo Islands 3.Historical disputes – Shrine Worship & Comfort Women Shrine Worship Comfort Women

10. 5. North Korea 1.Kim Jong-un → Maintaining regime! 2.Economic collapse → Rationing system → Currency reform 3.Economic development → Opposition by elites 4.Nuclear Weapon → Brinkmanship strategy

11. 7. Conclusion Q. ASEAN can be the solution for Asian Paradox? A.Negative -Contribution to “no war” based on economic interdependence -Diversity without compelling power -There can be several conflicts according to domestic situation Q. How to solve the Asian Paradox? A.Asian countries already have somehow deterrence capabilities