China continues rise to regional dominance

From: Sea Power | Date: January 1, 1999| Author: | Copyright information

It was a year of peace, but little prosperity, in the Western Pacific, and, militarily, 1998 was largely uneventful. Except for some civil unrest in Indonesia and low-level insurgencies elsewhere in Southeast Asia, the region enjoyed one of the quietest moments in a tumultuous century. But 1998 also witnessed the worst economic downturn Asia has experienced in two generations. Throughout the vast arc of littoral nations stretching from Australasia to Russia's Pacific maritime provinces, production declined, trade stagnated, and financial systems were on the verge of collapse. It seemed, as ...

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