The 21st century has seen a stratospheric rise in the fortunes of China, so much so that it is seen as an emerging threat to America's hegemonic influence in the world. It is crucial to learn how China has managed to turn its fortunes around, despite emerging problems such as those of population, pollution etc.
Chinas has the biggest population in the world. When
industrial countries aim to grow, they need man power. Urbanization rates in
China have been growing ever since the first industrial reforms in the 80s too
place. In 2000, it had more than doubled to 35.5%. In 2011, it was more than
50%. This is clear proof of the incentive and opportunities that the growing
Chinese industrial Sector presents to its citizens. What can be seen in a more
positive light in this sector is the fact that increasing urbanization
translates to readily available labour, meaning that should China embark on
increasing its industrial muscle even further, it will have millions at its
disposal and the process of industrial growth would be swift and streamlined.
This constant openness that China alluded to through all its
policies resulted in it becoming the biggest exporter and the second biggest
importer in the world, behind the United States. China’s foreign exchange
reserves today stand at a staggering 3.3 trillion US dollars, which makes it
rank number one in the world. This has also led to China becoming the biggest
recipient of Foreign Direct Investment in the world (in developing nations) in
the last twenty years. It is also number 5 on the list of highest exporters of
Foreign Direct Investment (Yang). To say that China has grown in stature with
such ferocity that its incremental contribution has eclipsed that of the United
States, would not be an understatement.
it is true that china is growing very fast economically. But you did not talk about its growing military capabilities on which china is spending at a exponentially increasing pattern.
ReplyDeletehttp://www.economist.com/node/21552193
it is obvious that economic power will dictate a rise in miltary power because as per the realist, the ultmate goal of the state is to grow. states as per the realists is an oragnisim which either grows or die away.
ReplyDeleteWell you a cite a lot of good statistics that indicate a rise in Chinese power. No doubt China has risen, but it still does not have the military capabilities that the U.S. does, nor does is its economic wealth distributed in an equitable manner.
ReplyDeleteAlthough I do think China will be a peer-competitor to the U.S. in the 2020s and beyond, China still has a long ways to go before it truly become a global superpower.