The Dimensions of Power: A Comparative Analysis of the United States and China

Numerous analyses and predictions discuss upon the power relations in global economy, confirming the decline of American supremacy and its replacement by China, which is consistently growing. The decrease of American economy during the financial crisis started in 2007-2008 and the success of the cou...

Full description

Saved in:
Bibliographic Details
Published in:"Ovidius" University Annals. Economic Sciences Series (Online) 2018-01, Vol.XVIII (2), p.75-80
Main Author: Topliceanu Ștefan Cătălin
Format: Article
Language:English
Subjects:
American supremacy
China trade
economic power
military power
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:Numerous analyses and predictions discuss upon the power relations in global economy, confirming the decline of American supremacy and its replacement by China, which is consistently growing. The decrease of American economy during the financial crisis started in 2007-2008 and the success of the countries with emerging economy –as China- created the idea that the power could transit from the United States to China. Moreover, various predictions based on recent evolutions; show that American economy was surpassed by the Chinese one. All of these seem to bethe ‘ingredients’ of a much announced American decline against the unexpected growth of China. But what is the real meaning of this decline? Does it refer to the many valences of power or just specific issues? The purpose of this study is to draw a parallel between these two major economic powers -US and China- considering the multitude plans of power.
ISSN:2393-3127
2393-3127