East Asia now important factor in oil world
- BP Asia Pacific and Middle East (SG)
On one level the countries of East Asia are vital components of the global energy equation specifically in regard to oil production and are directly affected by the entire world. But equally they are independent nation states with their own particular energy characteristics, making each country worthy of specific consideration. There is not necessarily a regional dimension to every energy issue facing the countries and one must be careful to avoid facile generalizations about the region. For the purpose of this article, East Asia will be defined as Japan, the newly industrialized economies of Hong Kong, Singapore, Taiwan and South Korea; the industrializing economies of Malaysia, Thailand, Indonesia, and the Philippines, and the remainder, excluding the Indian subcontinent, but including China, Burma, and Viet Nam. Together these countries contain some one third of the world's population and produce around a fifth of the world gross domestic product (GDP). For the past 3 decades, they have made up the fastest growing economic region of the world. However, East Asia cannot be considered in isolation from the Middle East. No examination of any energy topic can ignore the importance of that area.
- OSTI ID:
- 5605044
- Journal Information:
- Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 89:42; ISSN OIGJA; ISSN 0030-1388
- Country of Publication:
- United States
- Language:
- English
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