Book contents
- Frontmatter
- CONTENTS
- List of Figures and Tables
- Preface
- 1 Introduction
- 2 Progress and Development
- 3 Challenges – Contradictions of Development?
- 4 Important Advanced Economies: US and Japan as Development Models
- 5 Emerging Economies: Asia and the Gulf
- 6 India and the Middle East
- 7 The Energy Giants
- 8 China and Its Energy Needs
- 9 Addressing the UAE Natural Gas Crisis: Strategies for a Rational Energy Policy
- 10 Conclusion
- Notes
- Works Cited
- Index
10 - Conclusion
- Frontmatter
- CONTENTS
- List of Figures and Tables
- Preface
- 1 Introduction
- 2 Progress and Development
- 3 Challenges – Contradictions of Development?
- 4 Important Advanced Economies: US and Japan as Development Models
- 5 Emerging Economies: Asia and the Gulf
- 6 India and the Middle East
- 7 The Energy Giants
- 8 China and Its Energy Needs
- 9 Addressing the UAE Natural Gas Crisis: Strategies for a Rational Energy Policy
- 10 Conclusion
- Notes
- Works Cited
- Index
Summary
This volume remains a work in progress, given the complexity of the topic and evolving interrelationships between the two regions. Some of the major trends and developments discussed in the volume include: the importance of openness to trade and the ability for developing economies to benefit from it including poverty reduction; the importance of India's strategic position in trade and energy transmission between North-East Asia and the Middle East; GCC harmonization of energy production and minimization of redundancies in the power sector; Middle Eastern economies’ interest in investing in future growth prospects in Asia; and increasing people-to-people contact between North-East Asia and the Middle East in various fields, such as in the field of education (tertiary education), cultural exchanges, art shows and exhibitions.
Overall, it appears that East Asian diversification away from reliance on Middle East crude oil may be accompanied by other interactions between economies within the two regions beyond mutual interests in energy. Trade in non-oil-related export goods and cross-investments in each other's economies may increase, leading perhaps to other economic and trade exchanges between the two regions.
This trend towards increased investments show that Gulf financial and investment interests in Asia are not restricted to large emerging economies like India and China, but that they also seek mature and established economies in North-East Asia, such as South Korea and Japan. These exchanges increase contact at the individual level.
- Type
- Chapter
- Information
- Energy, Trade and Finance in AsiaA Political and Economic Analysis, pp. 173 - 178Publisher: Pickering & ChattoFirst published in: 2014