Implications of the Financial Crisis for the US–China Rivalry
2010; Taylor & Francis; Volume: 52; Issue: 4 Linguagem: Inglês
10.1080/00396338.2010.506817
ISSN1468-2699
Autores Tópico(s)Global Financial Crisis and Policies
ResumoWhile their full effects are not yet clear, the recent financial crisis, and the global economic slowdown that followed, could have a significant impact on the evolving strategic rivalry between the United States and China. Economic issues are likely to become a source of increasing friction and tension in Sino-American relations over the next several years. At the same time, however, the after-effects of the crisis will make it much more difficult for Washington to afford an escalating arms competition with the PRC. Although China appears for the moment to have emerged in a relatively strong economic position, its seemingly rapid recovery could prove fleeting. Finally, while reports of the imminent demise of the dollar as the world's currency and the evaporation of America's soft power relative to China's are exaggerated, both developments have been made more plausible by the events of the past two years
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