Open AccessASIA: Economic Success but Uncertain Future
Author(s) -
JanErik Lane
Publication year - 2017
Publication title -
research in economics and management
Language(s) - English
Resource type - Journals
eISSN - 2470-4407
pISSN - 2470-4393
DOI - 10.22158/rem.v2n2p77
Subject(s) - east asia , capitalism , treaty , development economics , economy , international trade , economics , political science , business , china , politics , law
The rise of East Asia, South East Asia and South economically to become the leaders of global capitalism with some 50% of output in the world market economy has one negative drawback, namely the enormous increase in CO2 emissions in this part of the world. Together with general environmental stress, Asia may come pay a heavy price for its stunning economic success, if present trends continue over the 21st century. Asia, here with Australia added, cannot just wait for the eventual implementation of the COP21 Treaty. It needs to go ahead and become the leader in environmental protection.