Question

In: Economics

If at all, is China or Russia a great power competitor to the United States? (pick...

If at all, is China or Russia a great power competitor to the United States? (pick one)

Please take all political/economical factors into consideration.

Solutions

Expert Solution

From the era of the Cold War to the disintegration of the USSR, that is, Russia was a major competitor, but as China emerged in the 80s and 90s, it came to the US as a major competitor.

At present, China is the second largest economy in the world after the US, with a GDP of about $ 14 trillion and the GDP of the US is around $ 20 trillion.The Chinese Army is the second largest military system in the world, ie the Army, which is second only to the US.

In the field of economy, China has a trade surplus in trade with the US, which suggests that it was competitive with the growing US.

However, US investors and other operations are expanding worldwide. But China is gradually occupying the world market. Such as Africa market, Europe market, Asia market, South America market.

China is trying to capture the world's market under One Belt One Road concept and String of Pearls.Under the Sting of Pearl, he is now trying to secure his business by building the port on its various strategic and tactical positions. China established his military and port bases in Maldives in Djibouti, Sri Lanka in Bangladesh and places in Bangladesh etc.

Alibaba's emergence as Amazon's competitor shows China's competitiveness as an indicator of its dominance in the e-commerce market.

The US lacks a population dividend compared to China, indicating economic influence in their future.

The US has expanded its electronics market to a large scale, competing with Microsoft and other information technology-based services.

Creation of AIIB and New Development Bank etc. as an alternative to IMF World Bank shows China's competitive political attitude with America .

the establishment of Shanghai Cooperation Organization (as a competition to nato )etc. indicators of its major political competition.

At the same time, China's membership of the United Nations Security Council shows its growing political importance.

Geopolitical infotainment of China shows that it has penetrated into the South China Sea and is also increasing its reach in the Indian Ocean.

The Quad Group has been set up by the US with India Japan Australia to counter China geo politically and is pleased with the party in various types of military exercises etc. and is constantly talked about in India membership in UN Security Council. Which has been a way to reduce its growing political influence.


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