The Emergence of China as a Superpower
The emergence of china as a superpower
Emergence of global production markets and broader access to a range of foreign products for consumers and companies, particularly movement of material and goods between and within national boundaries has led to integration of major regions of the world. International trade and investment are looked as the key factors that can advance the world's social and environmental well-being when managed within a political framework. In the last decade the WTO has failed to achieve its goal and there was no solution. US has shown no interest to solve the WTO issues rather focusing on regionalization. The international trade in manufactured goods increased from $95 billion to more than $12 trillion in the last 50 years. The United States has enjoyed a position of super power among the nations because of its foreign trade, military modernization, educational system, multi cultural ambiance and its ability to harmonize and profit from cultural influence from different parts of the world.
Since APEC's birth in 1989 it has grown to encompass 21 members and represents the most economically dynamic region in the world, accounting for 40.5% of the world's population, 54.1% of world GDP and 43.7% of world trade.
China has gradually replaced the U.S. as the main export market for Southeast Asian countries and now has trade deficits of tens of billions of US dollars with neighboring countries and regions. Japan who is the major dominant player in the Asian region is losing its power to china. If China continues to grow at the rate projected by the trends, then it is very likely that in the next twenty years, there will be a major reallocation of power among the world leaders. China will have enough wealth industry, and technology to rival the United States for the position of leading world power. With the rise of China, Asia pacific region has received growing attention in recent years as a region that is integrating successfully into
Emergence of global production markets and broader access to a range of foreign products for consumers and companies, particularly movement of material and goods between and within national boundaries has led to integration of major regions of the world. International trade and investment are looked as the key factors that can advance the world's social and environmental well-being when managed within a political framework. In the last decade the WTO has failed to achieve its goal and there was no solution. US has shown no interest to solve the WTO issues rather focusing on regionalization. The international trade in manufactured goods increased from $95 billion to more than $12 trillion in the last 50 years. The United States has enjoyed a position of super power among the nations because of its foreign trade, military modernization, educational system, multi cultural ambiance and its ability to harmonize and profit from cultural influence from different parts of the world.
Since APEC's birth in 1989 it has grown to encompass 21 members and represents the most economically dynamic region in the world, accounting for 40.5% of the world's population, 54.1% of world GDP and 43.7% of world trade.
China has gradually replaced the U.S. as the main export market for Southeast Asian countries and now has trade deficits of tens of billions of US dollars with neighboring countries and regions. Japan who is the major dominant player in the Asian region is losing its power to china. If China continues to grow at the rate projected by the trends, then it is very likely that in the next twenty years, there will be a major reallocation of power among the world leaders. China will have enough wealth industry, and technology to rival the United States for the position of leading world power. With the rise of China, Asia pacific region has received growing attention in recent years as a region that is integrating successfully into