Imagine a world where our country, our money, our economy, and our power have collapsed. The U.S dollar is now a worthless currency, no longer accepted globally; however the renminbi (人民币), China’s currency, is. A simple bag of chips previously worth a dollar is now $100. Our language is no longer necessary to get a high-paying international job; Chinese is. But this should come with no surprise; after all we are no longer the strongest country in the world… China is. As of this moment the U.S.A. possesses the strongest economy in the world. On the other hand with its ever expanding debt and its endless money-printing, China with the flick of a finger, could overthrow the U.S in economical prowess. There are also numerous other factors that facilitate China’s ascent to the World’s superpower spot. So while many may believe the U.S.A. will forever hold the world’s reins, the truth is that all throughout history empires have risen and fallen; The time for the U.S.A. to step back and hand its power to a country like China is imminent-because of its gold backed up currency, growing education, strong independent economy and enormous wealth-this may just be for the best …or for the worst. At present China earns $300 billion off of the United States. This is every single year from just one country. Also, as of 2011 China reclaimed its dominance as the worldwide leader in manufacturing output. This along with the fact that their currency is backed up by gold means that even though the United States is the richest country in the world right now, China’s domination of the world’s manufacturing output-a title formerly owned by the United States-shows it’s leaders’ planning for their future as the next superpower (Fogel,2010). This planning h... ... middle of paper ... ... no exception. However there is always another person, or in this case country, waiting in line, and that is China. A country with greater economic stability, better future planning, and growing education and wealth, China is almost ready to be the world’s next superpower. It may not be today or in 50 years, but it will be sooner than most of us expect, and it will happen unless we do something to stop it. The consequences of this change of power cannot be foretold, some freedoms may be lost and poverty might strike, or it might just be for the best; but we as the American people have failed to realize that unless we act soon, we will no longer be the world’s superpower, and that is a cause worth worrying over. As the Roman Emperor Marcus Aurelius once said, “Look back over the past, with its changing empires that rose and fell, and you can foresee the future, too.”
...ities as a responsible state holder. One of the consequences of the international community questioning China’s military capabilities is that the international community could potentially induce an unproductive arms race with China. If China is to participate in the race, China will have a weakened competitive position in the races of economic and intellectual strength. Secondly, China will lose the ability to use its army as a form of soft power therefore making it harder to believe that China can be a responsible state holder since it will seem like propaganda. In terms of China, the world is in a very exciting position with the promotion of the China’s model an alternative governing system is being offered. However, we need to remain vigilant and aware for just as quickly as China rose, it has the potential to fall as well if it doesn’t play it’s cards right.
From 100 CE to 600 CE the Chinese had many cultural and political life changes and continuities. A political change was in the end of the Classical Chinese period when the Han Dynasty fell. A cultural change during 100 CE to 600 CE was the paper invention that led to passing down cultural rituals. Not only were there changes but there was also continuities in the Chinese political and cultural life. An example of a cultural continuity is the increasing power of Buddhism. A political continuity is the ruler of the Chinese wanting the people to be protected with for instance The Great Wall of China.
On the other hand, hard-core realists predict that since China’s economy is on the rise, and United States economy is declining, it may create conflict. During World War I, a war occurred between England, a declining dominant hegemony, and Germany, a dissatisfied challenger on the rise (Wong, The Rise of Great Powers, Nov.18). However, war will not spark between China and...
Have you ever thought about those little words in fine print that tell you where a product was made? How about the last time you put tires on your car? Before you made a decision on the purchase did you stop and ask where the tires are made? Probably not! You heard the only words you wanted to hear....good and cheap! When did we stop caring about where a product is made or did we ever? Why would this matter anyway and what importance is of it? Some may argue that free trade and imports give us purchasing power. They believe cheaper goods results in more money in our pocket to buy other goods. That theory is a farce with little to no data to support it. Buying American made supports job growth, the environment and human rights. The impact on us, our children and the future of America is greatly impacted on our purchasing decisions.
In Shikha Dalmias “Long Live the American Dream” she goes on to portray the strengths of America compared to China and India (85). It is popularly believed that China and
Few people second guess Apple or their products, their image is well-maintained and the products are widely owned by people of all kinds. However, the process of making these much beloved iPhones and iPads is widely overshadowed by the company’s rate of constant innovation. In a series of articles by The New York Times, journalists attempt to unmask the controversial use of overseas manufacturers indicate a true crisis; a labor-power problem which abuses foreign workers as well as harming mid-wage jobs of consumers in the U.S. Many different lenses can be used to further analyze the structures, relationships and interactions that characterize this phenomena. Figures such as C. Wright Mills, Karl Marx and Fredrick Engels, Pierre Bourdieu, Immanuel Wallerstein and Leslie Sklair.
The massive increase in the Chinese trading relations was fueled by the United States in the year 1979 through the normal trade relations between the two countries. In addition, the Chinese non-concession to the World Trade Organization (WTO) in the year 2001 also facilitated its trading activities with different countries including the United States (Kaplan, 57). However, trading relations with the Chinese have been uneasy resulting from the massive trade imbalances in the recent past, which grows exponentially. The protectionist policies of the United States especially in Washington and Beijing have been putting pressure on the Chinese to revalue their currency as well as protecting it from counterfeits, which may be of adverse effects to the trading relations. This paper gives a comprehensive discussion on the foreign trade relations with china. It further gives an elaborate discussion on the impacts of foreign tr...
The current trade imbalance is caused in large part by intrinsic features of China's labor market and consumer base. The vast majority of China's 1.3 billion people still live in rural areas. China has, by some estimates, a surplus rural labor force of 120 million people, many of whom migrate to industrial centers to look for factory work, and drive down wages. As long as wages are low, the United States will continue to gobble up products made in China, while Chinese consumers will prefer to buy cheaper, homespun alternatives to American products. The rise in trade deficit with China has come at a cost to jobs in the United States, accordin...
China's development is praised by the whole world. Its developments are not only in the economic aspect, but as well in its foreign affairs. Compared with other developed countries, China is a relatively young country. It began constructing itself in 1949. After 30 years of growth, company ownership had experienced unprecedented changes. Entirely, non-state-owned companies can now be more involved in sectors that used to be monopolized by state-owned companies.
...st and stand in the world. It is predicted that China will one day be the largest economy growing country in world. They continually growing and rebalancing their world to be the best. The growth of economy will depend on the Chinese government comprehensive economic reforms that more quickly accelerate in China transition to a free market economy. The consumer demand, rather than exporting the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental. (Morrison, 2014,para2)
The success of one individual cannot remain forever, and eventually they will begin to fall. This is the current situation where the U.S. and China stand today, as China is beginning to overtake the U.S. in terms of economic capability. With a superior economy, it is possible for China to overcome the challenges it faces as it moves into position as the next world power. Though, just like the pair of siblings, despite China’s recent successes, the other won’t disappear completely. The U.S. will not disappear into the background and allow China to take complete control as hegemon, or world power, and establish something akin to a multi-polar system.
Having thrown open its doors to capitalist investment and expanded at a miraculous rate over the past three decades, China has now surpassed Japan to become the second biggest economy in the world. Since the early 1980s, China's economy has metamorphosed from a centrally planned syst...
In the race to be the best, China is clearly outperforming the United States. China has strong economic fundamentals¬ such as “a high savings rate, huge labor pool, and powerful work ethic” (Rachman, Gideon. "Think Again: American Decline). Their economy has grown an astonishing 9-10% over the past thirty years; almost double of what it used to be decades ago. China is also the “world’s greatest manufacturer and its greatest market” (Rachman). The continuing growth of China's economy is a source of concern for not only the U.S. but surrounding nations as well. One could argue that the U.S. need not worry about China’s growth because of the spread of globalization and that western ideologies would influence China to turn to democracy. Yet China has still managed to “incorporate censorship and one party rule with continuing economic success” (Rachman) and remains a communist country. Hypothetically, even if China does resort to a democratic state, this does not gua...
The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.