Why is East Asia more developed than Southeast Asia?

East Asia is home to some of the world’s most prosperous economies while Southeast Asia witnesses the growth of some of the world’s fastest growing emerging economies, with favorable political-legal environments for industry and commerce, abundant natural resources, and adaptable labor determined to be the main factors …

Is Asia the poorest continent?

By the late 1960s, Asia was the poorest continent in the world when it came to income levels, marginal except for its large population. In the half century since then, Asia has witnessed a profound transformation in terms of the economic progress of its nations and the living conditions of its people.

Why is an Asian Union not possible?

An Asian Union is not possible because Asia is simply nothing like Europe. Although both are continents, the elephant in the room is China, which alone accounts for over 60 percent of the total population of East and Southeast Asia.

What is the European Union doing in East Asia?

The EU is a strong economic player and major aid and development donor, working to foster institution-building, democracy, good governance and human rights. This fact sheet describes the East Asia region. See also the fact sheets on South Asia ( 5.6.7) and Southeast Asia ( 5.6.9 ).

Why is there so much conflict in East Asia?

In East Asia there’s the longstanding feud between China and Japan, exacerbated by Japan’s lacklustre apologies for the atrocities committed in WWII and ongoing tensions over the Diaoyu/Senkaku Islands territorial dispute. Relations between various nations in Southeast Asia aren’t particularly cordial either.

What happened at the last EU-China leaders’ meeting?

The last EU-China Leaders’ meeting took place on 30 December 2020, and focused in particular on progress achieved during negotiations on investment, as the EU and China ‘in principle’ concluded negotiations on a Comprehensive Agreement on Investment (CAI).