Implications Of Asia On Australia: An Analysis

Overview of Asia

Question:

What does Asia mean? Please discuss its Implications for Australia.

The essay includes a vivid description of the Asian continent. It includes the implication of the same on Australia. Asia is one of the biggest continents. It had a huge implication on other countries. The objective of the essay is to analyze the implication of the continent of Asia on Australia. The export of the materials has always remained an important aspect of Australia. The relationship between Asia and Australia had been of export and import. The essay focuses on the growth of Asia and the implications of the growth of the continent in Australia.

As a continent Asia is huge. It is known as the largest continents on Earth. It is highly populated and it is having a huge population. The continent witnessed much early civilization that was notably the first civilization. It was the birthplace of many great personalities. This continent saw the upcoming of many religions like Christianity, Sikhism, Hinduism, Buddhism, Islam and, many other religions. The continent has many countries China, India, Pakistan, Sri Lanka, Bangladesh, UAE, Japan, Sapore, Malaysia, Thailand and many other countries. It shares the borders with many other continents like Europe. Campbell et al. (2013) stated that the Asian countries are rich in culture and it has high traditions. In the historical period, the continent witnessed the evolution of many traditions and culture. Asia has extremely diverse climate and the geographical feature of the continent is huge. It has remarkable geographical features like the mountains and the waterways. There is climatic variation in the continent. Asia is just not a continent. It consists of a variety of lifestyle and variety of people. This is the reason tourism has remained as one of the most attractive aspects in this continent. The continent is full of different culture. It has business relations with many countries. The culture of this continent is known in the entire world. The continent does business in almost all the continents. It does business with countries like United Kingdom, United States, Africa, Finland, Sweden and other countries as well in other continents. Asia is the largest continent in the field of nominal GDP. It is the largest in the field of the economy a well.

In my opinion, one of the unique features of the continent is the fact that it had been the site of many of the early civilizations. The effectiveness of this can be relevant in the present as it is seen that the continent is vastly populated that covers up to 60% of the world population. Currently, India and China are the two most populated countries in the Asian continent. Lai, Brimblecombe and Lee (2017) observed that the cultural artifact of the continent mostly consists of European culture. The cultural architecture is seen to be consistent with the cultural aspects of some of the European countries. I think that this may be due to the fact that most of the countries in Asia were colonized by the European countries. Historically speaking, the name of the continent is derived from the concept of Greek civilization. The languages developed in the various countries of the continent are from an unknown origin. In my knowledge the name was first coined by a classical writer name Pliny. The change in the meaning of a continent unknown to proper human civilization is common given the fact that other geographical names have changed over the time. I feel that the continent is also known for its rich history and the fact that most of the cultures in Asia were formed from the existence of early civilization in the continent.

Early Civilization and Culture in Asia

As stated by Safonova and Santosh (2014) the early civilizations that settled in the continent were responsible for bringing about some of the modern day techniques and approaches that are used. Civilizations such as the Indus Valley civilization, Mesopotamia and the Yellow River were formed in the river banks that helped in the enrichment of fertile soils in the continent. I believe that the civilizations have been engaged in developing technologies that were required in order to maintain the civilization. Innovative ideas such as the development of wheel, coins, and mathematics for calculation came into existence due to the discovery made in these civilizations. I have observed that in the modern world, these innovative techniques of the Easter years have evolved and have been the cause of the vast growth of the continent. Apart from this Wilde (2015) pointed out the fact that the discovery of gunpowder in medieval China also led to the manufacturing of guns in the world. Thus, throughout early civilization, Asia has engaged in trade activities between countries. This is another factor that has existed in the modern world and is currently one of the leading the continents that engage in trading activities in the world.

Liu et al. (2017) stated that throughout ancient times, Asia maintained commercial relations with the countries in the continent as well as with other continents. The policy and technique of trade were different with the application of barter system being used in the case of long-distance trade activities. The continent was rich in silk, gold and other jewels that increased the interests of some of the countries. The trade relations existed between Europe and Asia. I have investigated that such trade relations lead to the advent of colonization of some of the countries during the early 17^th century. During the early 15^th century, countries like Spain and Portugal developed sea routes to visit the continent. During the late 19^th century and early 20^th century, Japan developed into a country with major military and naval powers. This also led to the development of trade between Japan and other counties (Babbar et al. 2017). In the modern day, the continent can establish trade relation with continents all around the world because of the advancement in technology. One of the countries that have established strong trade relations with some of the countries in Asia includes Australia. During the early civilization or during the early years of British rule, Australia was an unknown country situated in the southern hemisphere of the globe. In my opinion, due to this trade relations with the country were not possible due to the difference in the stature of the two countries. Apart from this, the colonization of the British made it difficult for the continent to carry on trade relations with each other. Despite this, there has been evidence of trade with Australia during the British rule.

Trade Relations between Asia and Australia

The geographical border between Asia and Australia exists in the Archipelago region situated in Malay. The Maluku Islands located in Indonesia are associated as the border between Asia and Australia. The major trade relations with Australia are associated with China and Japan. The development of trade relations with the countries resulted in the strong economic growth of the country. This led to benefits between the Asian continents as well as Australia. According to Reisinger et al. (2014), the main benefits that Australia gained are the establishment of proper infrastructure in the country. I agree with the view as the economic growth helped Australia to develop imports and exports materials and continue proper trade. In this regard, a brief history of Australia can be explored.

Australia is considered to be the largest island country in the world. It was an unknown country for over 50,000 years with the habitats being indigenous people. These people spoke different languages and indulged in a violent lifestyle. Advancement in the country began after the invasion of the European countries. The colonization of the country grew and the country came into the world map during the 1850s. The collaborated effort of the nations colonizing Australia gave rise to the Commonwealth of Australia. Wilson (2015) stated that currently, Australia has the world’s 13^th largest economy and ninth highest per capita income. I have also observed that Australia establishes business relations with neighboring county New Zealand in order to maintain the economy of the land. Outside the Oceania, the country has strong trade relations with other countries in the Asian subcontinent. It is because of the trade relations with Asia, the economy of Australia have grown significantly in the modern world (Wilson 2017).

There has been a special connection between Asia and Australia. The shift of economic weight to Asia has been an important aspect. There are special reasons for this. While going back to the past years the countries of the East Asia I had found that the countries have accounted around 7 percent of global GDP at the exchange rates in the market. Asia has an average of seven percent a year growth in the economic ground (Qiu 2016). The impact of Asia on Australia has been focused on the four areas. It consists of the remarkable changes in the structure of the international trade; it further includes the changes in the price at which the Australian market is able to sell their exports and the level of investment and also a major change in the rate of population growth (Kawasaki 2015).

Australia's Economy and Trade with Asia

Trade relations between Australia and Asia developed during the ancient times. Wesley (2015) claimed that the trade relations between Asia and Australia began from the early 16^th century with the advent of Indonesian and Japanese traders. I have seen that the traders from the two counties traded with the Aborigines of the land. The traders even settled in the northern territory of the country in order to maintain trade relations with the country. However, the British settlement in the country prevented the rise of trade between Asia and Australia. Over the years, the two continents developed mutual relations with each other and signed a quality of passionate commitment in the 1980s. The concept was aligned with the development of the Asia-Pacific Economic Corporation which highlighted the importance of economic cooperation between the two countries (Vivoda 2014). The strong growth in the economic condition in China has resulted in the increase in the economic condition of Australia. Over a period of a decade, the resource sector has seen an increase in the prices of the commodities. This has led to a higher price in trading between the Australian economy with that of China and Japan. I have come across the fact that the recent years have seen huge economic fluctuations in the world. Risks in investment have become the main cause of concern for the world trade. However, despite the changes in the economic world, Australia has remained steady in its economic growth.

The infrastructure of Australia along with an increase in microeconomic factors has been greatly due to the improvement of trade relations with China. The fact that during the economic downfall, Australia managed to adjust the monetary, as well as fiscal policies, helped the country to avert any downfall due to the economic crisis. Gotzek et al. (2015) stated that during the 1990s, apart from Japan, the other countries of Asia contributed to only 7% growth of the global economy. However, as I observed that in the last two decades, the contribution has improved by double rate due to the rise of the countries in Asia. In my opinion, growth in Asia has helped Australia to increase its commodity prices and provide support to the resource sector in the country. Such an increase in price rate is followed by an appreciation in the exchange rate which has lowered considerably. This has resulted in job security, increased employability rate and increase in the per capita income in the country. The rise of industrial production in China and India has helped in the vast rise of the economic aspect of the country (Aggarwal and Urata 2013). The exchange of foreign ownership and the migration of people in the country have resulted in the high rate of economic growth and advancement in terms of technology as well cultural fields.

Thus, it can be concluded that currently, Asia is one of the largest continents of the world with a growing population as well as economic stability. The fact that the continent establishes trade relation with the world helps the countries to improve their economy and contribute heavily to the growth of global economy. I believe that relations with Asia have resulted in the steady growth of the Australian economy. The fact that both the continents have a rich history makes it significant in terms of establishing mutual trade relations with each other.

References

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