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The Future of Power in the Chinese Economy - Literature review Example

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This paper analyses the future of power in the Chinese economy. Power is the capability to make people conduct activities they do not actually intend to undertake. It can be measured using economic status, political status, military force, the extent of industrialization and urbanization…
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The Future of Power in the Chinese Economy
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Download file to see previous pages The emergence of technology has played a great role in the rise of power in several countries. For instance, the internet has been of significant influence in empowering various countries. Through the internet, world politics can be conducted from anywhere in the world. Similarly, countries have been able to analyze the economic status and foreign policies of rival countries through the internet. (Lundestad 24) A group of economists recently projected the economy of China would surpass that of the United States of America come the year 2027. But Joseph Nye has refuted these claims arguing that the Chinese economy would require stability in its military force similar to that of the U.S before it can catch up. They state further that the Chinese economy is yet to face setbacks such as social challenges that could see it tumble. There are other factors in China that are also believed to be capable of causing stagnation in its economic growth. These include the rising of the urban middle class, the one-child policy, regional inequality, high level of rural poverty and an uprooted working class. Joseph Nye believes that these factors will always have the per capita income of America being superior to that of China. The rise of the Chinese economy has not gone down well with many American citizens with the recent research implicating that many American view China as a constant threat to their economic security and jobs. America has been viewed as using its role as a superpower to earn political stability, democracy and economic supremacy in the world stage. The United States has been involved in several activities including invading others in the name of eradicating international terrorism and promoting positive relations among countries. However, many countries have viewed this as an effort by America to enhance its power across the globe and refused to support the globe. (Lundestad 34)
The growth of the Chinese economy has caused ripples across the world with many viewing China as a future powerhouse on the world stage. China has experienced tremendous economic growth and diplomacy in the twenty-first century which has been of huge significance in the entire East Asia region. This is due to the emergence of several new economic activities in the region resulting in industrialization and hence the emergence of several urban centers. This has resulted in China acquiring more credibility and influence in handling world matters. Questions have arisen as to whether China will join the world super powers or try to surpass them. Many analysts believe that as China gets more powerful, it will try to use its influence to change the policies used in the operations of the international system to favor its interests. This has been the trend by many of the reigning world superpowers such as the United States. The rise of China may cause tension in the world stage as the reigning super powers to view as a constant security threat to their dominance across the globe. This is said to be a result of China’s rise from outside the established post World War II international order. The rapid growth in the economy of China is attributed to the availability of cheap labor among many other factors. With cheap labor, various companies are able to hire more workers thereby increasing their level of production. With a large number of varieties of products, the country is able to feed its large population and have a surplus to offer as export. ...Download file to see next pagesRead More
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