As one of America’s most important trading partners, China has stepped in to the Korean conflict to propose an emergency meeting among six nations whose economies rely on uninterrupted trade with the Korea’s.
The six-party talks will include; Japan, Russia, North and South Korea, China, and the United States. In addition to stabilizing tensions between North and South Korea, the six-party talks will address, “advancing denuclearization on the peninsula and safeguarding peace and stability on the peninsula and in northeast Asia,” according to a CNN report.
Economically, China cannot survive without the United States, Russia, Japan and the Korea’s. The same holds true in the reverse.
China has a vested financial interest in preserving peace between North and South Korea and it is rooted in economics. Trade interests in the region reach farther than China and the Korea’s; Japan, Russia and the United States also rely on their Asian partners to keep imports and exports moving. At a time when world economies are still struggling through recession, disruption of trade through war or United Nations imposed sanctions on North and South Korea can only worsen any fragile recoveries.
We are living in a time when international trade is so intertwined, more than one nation can be severely hurt by the disruption of another. And if one falls, the others know they will follow.
If there were ever a case when motivation for profits could be used for good, this is it. Peace equals trade, which equals economic stability for all.
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