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Will China Be the Next Superpower - Research Paper Example

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The researcher of the essay “Will China Be the Next Superpower?” analyzes the chances of the old civilization, in which 43% inhabitants are still engaged in agriculture, become one of the first world economies. The author argues whether the Chinese socialist ideology will facilitate or hinder this…
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Will China Be the Next Superpower
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Download file to see previous pages An ancient civilization with an extensive tradition of dynastic and centralized rulers, China has been ruled by the Communist Party of China (CCP) since the successful overthrow of the Nationalist government in 1949.   Establishing a socialist form of government through the creation of the People’s Republic of China, the Communist Party of China is avowedly socialist and sought to impart communist teachings throughout this vast country.  Accordingly, the communist leaders initially saw capitalism through a skeptic’s lens and implemented profound overhauls of the economic structure of Chinese society.  Thus, the implementation of a series of top-down economic initiatives such as a series of Five Year Plans, the Great Leap Forward and the often-times violent Cultural revolution, all paved the way for the establishment of a socialist society in which economic matters were dictated by the state and implemented accordingly.  Significantly, socialism provided the ideological impetus for the Communist Party of China to govern.  Thus, while implementing an economic overhaul of the country, the socialist credentials of the ruling authority became the ideological basis through which the state was run.  Ideology provides the basis for political movements and ideologies provide a conceptual framework for political action.  Ideology plays an important role in Chinese politics and the basis of the Chinese regime is predicated upon the ideological basis of the socialist regime in Beijing.  What effect has China’s role in the global economy had on the ideology of this regime?  We now turn to an overview of China in today’s global economy (see Kim 1998 for a thorough analysis of the history of post-revolution China). 
Despite these early years of communism in practice, China has cautiously embraced economic liberalism and a capitalist economic orientation, albeit with strong authoritarian tendencies.  China today has the 4th largest economy in the world behind the United States, Japan and Germany, estimated at $2,645 billion per year.  ...Download file to see next pagesRead More
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