Thursday, March 28, 2024

US global economic leadership: Responding to a rising China

The rise of the Chinese economy means that China and the United States must share a role, although not necessarily an equal one, in shaping global economic rules. As its economic weight grows, China is seeking a bigger role in global economic governance. While the country’s uncertain growth prospects mean that China is unlikely to be the world’s sole economic leader, the United States will have to share global economic leadership with China, even if unequally. So far, however, the United States is not adapting to this eventuality very well. Washington’s mishandling of its response to the Asian Infrastructure Investment Bank, Congress’ failure to ratify IMF reform, and the decision to exclude China from the Trans-Pacific Partnership suggest that the United States is struggling to accommodate China’s desire to have a greater say in the way that the global economy is run. As shown by the issue of climate change, if Washington and Beijing can work together, it has the potential to lead to positive outcomes for the global economy. But if the United States does not work with China, it may well undermine its own leadership position over time. 

Vui lòng mua gói để đọc online !


0 Votes

The most interesting articles

Cart

Your Cart is currently empty.
Cart Detail

Thống kê truy cập

mod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_countermod_vvisit_counter
mod_vvisit_counterToday471
mod_vvisit_counterYesterday127
mod_vvisit_counterThis week1243
mod_vvisit_counterLast week1037
mod_vvisit_counterThis month6011
mod_vvisit_counterLast month4403
mod_vvisit_counterAll days297323

DIPLOMATIC ACADEMY OF VIETNAM

Address: 69 Chua Lang Street, Dong Da District, Hanoi
Phone: 0438344540, máy lẻ 117, 256
Email: tapchi_ncqt@mofa.gov.vn, Web: www.isr.vn
©Copyright 2011-2024 International Studies Review | Power by Joomla Open Source System