Sunday, July 25, 2021

Power Transition in International System in the Period of 2001-2017

Entering the 21st century, Asian emerging economies, especially China, have recorded an impressive growth. Therefore, many scholars have published their researches showcasing the US’s relative decline and power transition to the East. Most of the publications, however, include assessments based on national capabilities, not least the economic strength. This article does not deny the significance of economic resources in the national power but points out that there are other effective approaches yielding amore comprehensive and multifaceted assessment. Structural power is such an approach. By adopting this approach, the article argues that the power transition from the US to its rivals has been limited in the international economic structure at the regional level. Meanwhile, the power transition in the security and ideological structures significantly occurred as a form of power concentration between the US and its close allies. Thus, it is unlikely for another great power to replace the US as the leader in international system in the near future.

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