India 's Economic Hegemony Over The World

China has already overtaken Japan to become the world`s second-largest economy in recent five years. “However, such economic

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s

Nowadays, China has become the second largest economy in the world. The GDP (gross domestic product) of china was growing at 9.7% per year in average since 1978, which the year of Chinese “open door” politic founded. China also has become the biggest producer and consumer in many key agricultural and industrial markets and the largest FDI recipient among the developing countries. The performance of china in developing of economy is called “china’s economic miracle”, which be studied by many economists. However, there are also bad results with the development of economy in china such as environment disruption, corruption and

In 2008, the Global Financial Crisis broke out; both the American economy and the economy in the West suffered a hard blow. However, a big economy system in the East emerged unexpectedly. China is now able to challenge the America’s decades-long dominant position in economic area. Started during the middle of 1990s, China’s manufacturing industry developed rapidly that billions of exports were floating out, and China was given the title of “the world’s factory”(BBC). By the end of 2010, China with a GDP of $5.8 trillion, surpassed Japan’s GDP of $5.48 trillion, became the world’s second largest economy system (BBC). China also exceeded Japan became America’s largest foreign securities holder. Since then, China has been seen as the US’s

Just because some countries are experiencing periods of high growth does not mean that America’s power is decreasing or that other countries are catching up. “The United States is responsible for twenty five percent of the world's economic output, was responsible for nearly half of global military expenditures, and had the most extensive

One of the most vigorous debates focuses on the current status of the United States hegemony and whether or not it is in decline. This begs the question, if the United States is indeed declining in status, will it still be an influential player or not? I argue that the United States is losing its prominent position as the hegemonic leader of the world, but will still remain an influential player in global politics in the following decades to come. Its decline is an imminent result of their domestic issues, the violation of international laws and economic deficit, which have posed a grave and serious challenge for the United States. On the other hand, I propose that the United States will remain a dominant force due to its innovation,

The United States and China have had a well-documented rocky relationship. It has become common knowledge that America is in debt to China for around a trillion dollars. With countries like the United States indebted to them, there seems to little doubt that China is well on it's way to becoming a super power. Author John Tkacik agrees with this notion, and suggests that all evidence points to China becoming a military superpower. He goes on to state that in less than a decade, China will become America's only competition for both military or strategic influences. On the other hand, however, author Samuel Bleicher disagrees due to the disadvantages of having a Communist government, as well as, weak economic, social, and legal structure. He

During the 1950’s to the present, the United State’s influence on the world as a global superpower skyrocketed. Originally Western European countries were considered the most dominant nations in the world; however, after World War 2 Europe was left in a state of turmoil, and gave way for the United States to become a global superpower. Western European countries became dependent on the U.S for military support, industrial support, and economic support in order to rebuild their nations. Eventually during the Cold War era that followed, the United States proved to be a strong and dominant nation as well by protecting and aiding Western Europe away from communistic influence, and back to a state of tranquility. Through the United State’s interaction

China economy experienced an incredible growth in the last few decades that made the country the 2nd largest economy in the world. When China started the program of economic reforms in 1978, it ranked 9th in nominal GDP but 35 years later it’s now ranked 2nd in the nominal GDP and been the world’s manufacturing hub. In recent years, China’s modernization propelled the tertiary sector and in 2013, it became the largest category of GDP with a share of 46.1%, while the secondary sector still accounted for a sizeable, 45% of the country’s total output. Meanwhile, the primary sector's weight in GDP has shrunk dramatically since the country opened up to the world.

The United States held 24.6% of world income in 1980 and 19.1% in 2011. (Sachs 2012) Many also believe that China is set to become the world’s largest economy in the near future. However, the ‘danger’ for US power is not that China will become the strongest economy on the global scale. As Drenzer argues, China ‘won’t prosper economically, as it won’t embrace capitalism’. In the long run, the danger to the US is that US power will decline ‘on all fronts’, not just economically. (Drenzer, Rachman & Kangan)

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.

President Barack Obama’s (2014) commencement address at West Point was an effort to dispel all doubt of the United States’s (US) “exceptionalism” and the belief that America was in decline. In that speech, he emphasised how America was still a global leader, in all counts militarily, economically and most importantly, on global affairs, with regards to liberal internationalist pursuits. And indeed from the end of the second world war, and especially after the fall of the Soviet Union, the US has been an unmatched unipolar hegemon in the world. Issues such as the 2003 invasion of Iraq and the 2008 financial crisis have greatly affected US standing in the world (American Political Science Association, 2009). This is also further challenged by rising powers, most notably China and the other BRIC (Brazil, Russia, India and China) nations. All four countries have in recent years significantly increased their military budget (Kruger, 2011) and are currently, by International Monetary Fund (IMF) predictions, to contribute to over half of the world’s growth and predicted to overtake most developed economies by 2050, with China projected to have the world’s largest Gross Domestic Product (GDP) by the same time (Financial Times, n.d.). This essay will look at various aspects of traditional US dominance, namely military, economic, as well as soft power in relation to other states to determine if a relative decline is evident. Additionally, US world leadership in international

It seems inevitable that the United States has fallen from the peak of economic supremacy, and it is unable to change the trend of development of the world economy in this current century even if its economy could resurge (Green, 2008).

From1945 utill the end of World War II, the United States considered the most dominant country in the world economically and militarily. Moreover, many philosophers have said that the United States was and is the closest country to a global hegemon. Hegemon being defined as a dominant state that has a majority of power; often creates and imposes the rules and standards in the global system (Mingst, & Arreguín-Toft, 2013). Due to the amount of power and wealth obtainable to the

Alyssa Ayres, author of this week’s reading, questions yet defends the rise of India as a global power. Ayres praises the country’s booming growth in military defense to manufacturing ventures. While the world continues to view India as an “emerging power,” its alliance with the United States can help set them up for the world