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2ND PAPER - Essay Example

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The paper gives an overview of Russia and China waging an economic warfare on United States of America by deliberately trying to undermine our currency and collapse of the financial sector. Despite being economically wounded today, United States of America is regarded as the…
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2ND PAPER
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Download file to see previous pages Chances that the super power would diminish in the next decades are clearly high. The best positioned countries to challenge America’s prominence are found in East Asia and globally by China. (Abdelnour, Wesley & Herman pg57)
It is believed that if Chinas economic growth continues consistently the next two decades just in the same pace as the last two decades, then it would surpass and rival the United States of America in terms of Gross Domestic Product (GDP) .GDP is not measured in terms of dollar but in terms of purchasing power parity. Even if Chinas economic status does not does not reach the Americas standards, it is notable that the growth has created a fundamental political inspiration in the entire East Asia. The economic clout extends East Asia affecting both great powers and the developing countries due to enthusiasm for raw materials and competitive prices for low cost goods. China is resolute in climbing the technological ladder, a clear indication that it might affect United States of America economically. Already China is regarded as the most dominant military powerhouse in the entire East Asia thereby making significant strides creating excellence in the armed forces.
The tense relationship between USA and Russia has been fuelled by Americans interest in Crimea with regard to the sanctions that have been attached to Russia recently by President Barrack Obama of the United States. Several banks have been blacklisted by the US government following the Russian infiltrations in Ukraine. Majority of Russian businessmen in the United States who have close links with Vladimir Putin have been expelled from the country. President Obama has also come with strategies to tame some parts of the Russian economy comprising both the oil and gas industries which form a bunch of Russians export. (Abdelnour, Wesley & Herman pg29)
According to President Barack Obama, the action would interfere with the ...Download file to see next pagesRead More
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