The economic power of the Chinese Diaspora

Résumé du document

China's economic growth is a much debated issue and is said to change the face of the world and presently world economic patterns are being reshaped. A couple of figures can easily help to understand how deep these changes are. Over the past 10 years, the Chinese economy grew by 10% a year on average, making it the world's fastest growing economy. Given the size of the country, its population, its ambition and the forecasts, there is no doubt that China is to become the US's most serious competitor. Already, China's growth has had a tremendous impact on the price of many raw materials. As the Economist states, "China accounted for half of the world's consumption of cement, 30% of its coal, and 36% of its steel (of which imports jumped by 50%), according to China's National Bureau for Statistics. Copper imports rose by 15%, and nickel imports more than doubled. This helped to lift The Economist metals-price index by around half from a year ago, and by 75% from its low after September 11th 2001." .

Extraits

[...] Last but not least Chinese are living in Australia. However, they often face rejection due to their high economic situation Chinese migrants assimilated with variable success in the countries where they arrived but overall they found themselves rather rejected and looked down on. This is in most cases due to their economic success which makes them easy targets for locals who feel undermined. The World Bank estimated that in 1991 the Chinese diaspora as a whole possessed a capital of about $400 billion and $600 billion in 1996. [...]

[...] The map also takes into account the importance of fluxes, assessing precisely how big they are in order to increase the global accuracy of the map. This is shown through the thickness of the lines. It is also a summary of the global paper, enabling to locate on a map the economic and social features that have been the focus of this paper. This is why it has been found important to first point out the diaspora itself, showing its repartition on the map. Secondly, as globalization is all about constant changes, the dynamics of the Chinese migrations are emphasized. [...]

[...] Ma and Carolyn Cartier) Port of last resort: the diaspora communities of Shanghai (Marcia Reynders Ristaino) Problematic Sovereignty: Contested Rules and Political Possibilities (Stephen Krasner), Columbia University Press http://docstore.ingenta.com/cgi- bin/ds_deliver/1/u/d/ISIS/ 28921794.1 /bpl/post/2004/00000052/00000004/art0000 2/8C6A089F3EA56FCF11469384836029461E02ED5AF5.pdf?link=http://www.ingentaconn ect.com/error/delivery&format=pdf http://docstore.ingenta.com/cgi- bin/ds_deliver/1/u/d/ISIS/ 28905084.1 /bpl/post/2004/00000052/00000004/art0000 2/492F71E7F3DE6F11114685903757D42BF8F82274A8.pdf?link=http://www.ingentaconn ect.com/error/delivery&format=pdf http://en.wikipedia.org/wiki/Chinese_Diaspora http://www.economist.com/displaystory.cfm?story_id=2446908 http://www.malaysia-china.com.my/hua/3000_Chinese_21.htm www.livelihoods.org/hot_topics/docs/MPIDiaspora.doc http://www.economist.com/displaystory.cfm?story_id=2446908 http://docstore.ingenta.com/cgi- bin/ds_deliver/1/u/d/ISIS/ 28905084.1 /bpl/post/2004/00000052/00000004/art0000 2/492F71E7F3DE6F11114685903757D42BF8F82274A8.pdf?link=http://www.ingentaconn ect.com/error/delivery&format=pdf http://www.malaysia-china.com.my/hua/3000_Chinese_21.htm http://en.wikipedia.org/wiki/Chinese_Diaspora Stephen Krasner, Problematic Sovereignty: Contested Rules and Political Possibilities, Columbia University Press pg 237. [...]

[...] This is an accurate indicator of the tremendous power of the Chinese community all over Southeast Asia. The presence of these huge companies is only part of the economic influence of the Chinese community. Often times, local shops are also run by members of the diaspora and this is not shown by these statistics thus making them even more striking as they already show an obvious Chinese domination over the economy. This domination explains why the former Malaysian Prime Minister Mahathir Mohamad said that the “Chinese face a lot of difficulties in getting licenses, obstacles in doing business' yet they can still attain success. [...]

[...] In Indonesia, most of the country's GDP is produced by the Chinese minority. All of the biggest companies are held by Chinese as the following table shows. This causes a great deal of frustration among the locals, who feel they are deprived of their own wealth. Therefore, uprisings took place previously against Chinese churches and shops all over Java, causing some of them to leave Indonesia. Indonesia is far from an exception is Southeast Asia as the economy of Malaysia, Thailand and the Philippines are also widely in the hands of Chinese people. [...]