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Questions - Essay ExampleThe government commode address this by penalizing through the imposition of high taxes those companies who are rent outing or exporting jobs abroad. This will in effect discourage companies to export jobs because it will become expensive to subcontract jobs. This arrangement is still possible because the government did not prohibit companies to relocate work but only formulated a strategy that does not establish business incentive to export jobs.2. Explain the importance of East Asia as an economic powerhouse. Is economic or political power shifting from North the States (and specifically the fall in States) toward East Asia? Explain. Which historical and economic reasons might prevent East Asia from acting as a unified region in humanity politics?In economics, US economy is about eight times bigger than China and has also massive industrial and technological complex that can sustain the output and growth of its economy. Its currency is still used as the worldsreserve currency and it is not likely that the US dollar will be replaced by other currency soon (Business Monitor International, 2009 pg. 23).China on the other hand lacks multinational corporations and does notevenhave its own industrial complex making its economy heavily dependent on Western enterpriseAlso, the hugesize of US economy enables it to allocate a armed forces budget equaled by none. It only allocates 4% of its total GDP on defense but due to the sheer size of its economy, this translates to a $600 billion array budget (Jinghao, 2008). US has also the most advance weaponry in the world. US military arsenal is already capable of stealth combat with its F22 fighters and B52 languish range bombers. To date, US has already completed the informationalization of its military that is leading to theno man, networking orientation which is a powerful global combat strength (Pastor, 2001). United States is also capable of projecting power beyond its border. Its 12