The Dimensions of Power: A Comparative Analysis of the United States and China

Topliceanu Ștefan Cătălin ()
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Topliceanu Ștefan Cătălin: „Alexandru Ioan Cuza†University of Iasi

Ovidius University Annals, Economic Sciences Series, 2018, vol. XVIII, issue 2, 75-80

Abstract: Numerous analyses and predictions discuss upon the power relations in global economy, confirming the decline of American supremacy and its replacement by China, which is consistently growing. The decrease of American economy during the financial crisis started in 2007-2008 and the success of the countries with emerging economy –as China- created the idea that the power could transit from the United States to China. Moreover, various predictions based on recent evolutions; show that American economy was surpassed by the Chinese one. All of these seem to bethe ‘ingredients’ of a much announced American decline against the unexpected growth of China. But what is the real meaning of this decline? Does it refer to the many valences of power or just specific issues? The purpose of this study is to draw a parallel between these two major economic powers -US and China- considering the multitude plans of power.

Keywords: economic power; military power; American supremacy; China trade (search for similar items in EconPapers)
JEL-codes: F50 N40 O50 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xviii:y:2018:i:2:p:75-80

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