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Chapter 1 ¡G Five Centennial Questions of Relating Economy
Introduction¡G
European Union (EU) celebrated its 50th Anniversary on March 25¡A2007. EU¡Aonce a less known European Economic Community (EEC) with six member states at its beginning¡Anow has become an overwhelming EU embracing 27 countries as its members¡Aits great wave of wealth spreading from West Europe all the way to the countries around Baltic Sea in East Europe. EU¡¦s great wealth pattern catches the eyes of the world people¡Aand so do other wealth patterns in the world.úP
According to the public opinion of the world¡ANorth-North Cooperation (NN Cooperation) has been successful as a regional cooperation¡Aand North-South (NS) Cooperation is performing well and has a bright tomorrow¡Awhile South-South (SS) Cooperation¡Awith its nature of ¡§weak-weak cooperation¡¨¡Ashows an unclear future. So we may ask that the Matthew Effect that the rich get richer and the poor get poorer is really an unchangeable law? Where to find the cheese or wealth for the developing countries? -This is the proposition of this century.
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It is evident that NN Cooperation is based on its strong Western economic theories¡Aand the same is true with NS Cooperation¡Fwhereas SS Cooperation is a cooperation of developing countries¡Awith a total population accounting for 80% of the world. Besides a lack of successful examples on its hard developing way to bring confidence to all members¡Ait is in urgent need of creation and guideline by theories and laws¡Awhich will help decide the future of developing countries.
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In Chapter 1¡Athe century proposition concerned by the Relating Theory is put forward¡Abased on the five questions such as¡GWhere is the cheese for SouthúQSouth Cooperation? Shall we choose the way of trade diversion or the way of trade creation? Shall we focus on comparative advantages of the member states or comparative disadvantages?
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Where is the ¡§Cheese¡¨ for South-South Cooperation?
Abstract¡GEU¡¦s great wealth pattern catches the eyes of the world people¡Aand so do other wealth patterns in the world. According to the public opinion of the world¡ANN Cooperation has been successful as a regional cooperation¡Aand NS Cooperation is performing well and has a bright tomorrow¡Awhile SS Cooperation¡Awith its nature of ¡§weak-weak cooperation¡¨¡Ashows an unclear future. So we may ask that the Matthew Effect that the rich get richer and the poor get poorer is really an unchangeable law? Where to find the cheese or wealth for developing countries?-This is the proposition of this century.
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The Way of Trade Diversion or the Way of Trade Creation?
Abstract¡G Are there any countries which can escape the trade diversion effect in regional economic waves in today¡¦s world? Trade diversion effect is a double-edged sword in regional economic cooperation¡Athen how can China-ASEAN trade cooperation win more at the minimum loss?
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Comparative Advantages or Comparative Disadvantages?
Abstract¡GThe developing countries need not try to neglect their comparative disadvantage characters. Instead what is the most important thing for them is to find the comparative advantage in Weak-Weak Cooperation so as to choose the late-development advantage pattern. Since there is no frequent industry division between China and ASEAN¡Ait is necessary to adopt a relating perspective of comparative advantage and then late-development advantage¡Aand where there is a wider cooperation space¡Awhere the relating perspective of comparative advantage exists.
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What implication does the process of CAFTA¡¦s construction have for the world?
Abstract¡G What does ASEAN mean to the world? How does China related the world? Who can neglect Chinese market? And how does China take part in the optimizing of the world economic pattern? The latter two questions were asked by the chief economists of Morgan Stanley & Co. Though South-South cooperation is actually a ¡§Weak-Weak Cooperation¡¨¡Ait is possible for us to challenge the theory of unsuccessfulness of ¡§Weak-Weak Cooperation¡¨.
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Can the ¡§little deer¡¨ dance in harmony with the ¡§giant elephant¡¨?
Abstract¡G Goh Chok Tong¡Athe former Prime Minister of Singapore once said that China is like a big elephant and ASEAN is like a deer. Living in the same forest¡Athe lovely deer is learning to dance together with the elephant. As Chinese leaders said¡AChina follows the foreign policy of ¡§Good¡ASafe and Rich Neighborliness¡¨¡Aso China¡Athe elephant¡Ais now attracting its partners in a unique style. We believe the dancers to have elegant pas for their wisdom¡Fthe beautiful dancers are matched well in Tango music for their wisdom¡Fand their pas are toward harmonious and a win-win future.
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Relating Economy Chapter 1: Five Centennial Questions of Relating Economy
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Relating Economy Chapter 2: Discovering Singapore
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Relating Economy Chapter 3: The Theory of Relating Economy
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Relating Economy Chapter4: Substantial Evidence and Counterevidence
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