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Sea row must not destabilize Asia – ADB
Topic Started: Jan 1 2013, 06:48 AM (628 Views)
spearhead
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DoctorNO, Your Neutral Observer.
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Sea row must not destabilize Asia – ADB
By Pia Lee-Brago (The Philippine Star) | Updated January 1, 2013 - 12:00am



MANILA, Philippines - Asia’s leaders must not allow diplomatic distractions, including territorial disputes, to destabilize further an already uncertain economic and geopolitical environment, according to the Asian Development Bank (ADB).

In the article “Asia faces hard road ahead” published yesterday in state-owned Chinese news agency China Daily, Haruhiko Kuroda, ADB president, and Changyong Rhee, ADB chief economist, said 2013 will present significant challenges and new responsibilities – political, economic, and social – for developing Asia as the path to sustainable, inclusive economic growth will be difficult.

Kuroda and Rhee said fiscal prudence in Asia allowed the stimulus measures needed to revive global economic growth in 2010.

However, the economic transformation over the last several decades has reached a crossroads, they added.

Kuroda and Rhee said Asia needs to adjust to a new era of more moderate growth, while addressing widespread inequality and improving sustainability.

The unprecedented economic expansion that has lifted millions out of poverty has been accompanied by widening income disparities, as well as serious environmental damage, they added.

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http://www.philstar.com/headlines/2013/01/01/892049/sea-row-must-not-destabilize-asia-adb
"Men of War must learn the art of numbers or he will not know how to array his troops." - Plato

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Ayoshi
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'South China Sea trade routes safe despite rows' [rappler] - Jun 15, 2014
Quote:
 
But analysts believe all nations involved, particularly China, will ensure that the diplomatic and military maneuverings do not jeopardize such an important economic lifeline.

<snipped>

Asia's most populous nation claims nearly all of the sea, even waters approaching the coasts of its neighbors.

'Only war' will disrupt trade routes

Shivaji Das, a Singapore-based senior vice president with global consultancy firm Frost and Sullivan, said only a war would lead to a disruption of the South China Sea trade routes.

"And I don't see that happening. All the countries have an immense stake (in keeping the trade routes open)," he said.

Das also said the rules of "freedom of navigation" in the sea had rarely been broken by governments anywhere in the world in recent history, with those threats coming more from piracy.

"When it comes to commerce, all the countries have their exclusive economic zones but they still allow for freedom of navigation of merchant ships. And that won't be affected unless there's an actual conflict in the zone," he said.
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