name, the course and semester, the title of the article/book, author, and source.
Olga Dye
International Relations POLS
Summer, 2016
Continuous Superiority of the United States: Interdependence of the World’s Two Leading Economies
Article Title: “China’s Century? Why America’s Edge will Endure”
Author: Michael Beckley
Introduction (author’s thesis, my thesis)
The author attempts to confront an idea that China is surpassing the United States in economic growth. As a result of globalization the United States maintains its hegemonic status in international politics. Despite recovering from the financial crisis of 2008, at the time of writing this article, the author predicted that the United States will be able to sustain its leading position …show more content…
By comparing the global status of the two countries over the past 20 years, the author claims that when comparing the international influence, one may be neglectful to the growth in some areas of the economy and consider only the declining process of the others. Although China is rising in many economic areas, and the United States has experienced a decline in a number of areas, China is still not surpassing the United States.
The author then continues to discuss the national power of the two countries that can be measured by the domestic resources which have a great impact on international politics, such as wealth, innovation, and military capability. In particular, according to the article, China’s GDP has risen as compared to the GDP of the United States. China’s GDP continued to grow at the rate of 8 percent despite the financial crisis, and may continue to grow at a 7 percent rate or a significantly lower rate, according to different resources. The author’ explanation of the GDP growth is based on the decrease of the working population which has declined due to recent shift from multiple children to one child policy. This factor will cause an increase in pensioners who won’t be able to produce as much as the younger …show more content…
It is not explicitly mentioned, however, that among the borrowing countries China is one of the major creditors of the United States. At the time the article was in writing, China’s investments in the economy of the United States have exceeded other countries. One may find it interesting, that in the recent years, Japan has been competing with China as the major creditor to the US. According to the data of the Department of Treasury, released by Reuters, Japan’s holdings of the U.S. Treasury debt is recorded at 6.16 trillion USD, as compared to China’s holdings of the debt estimated at 1.22 trillion USD in February 2015. These numbers indicate that China’s investments have significantly decreased since 2008, while the Japan’s investments have increased in the U.S. economy. The article doesn’t emphasize the economic interdependence of the two countries. It may seem to be bias not to include the most essential relations as exporting markets which both countries benefit
Olga Dye
International Relations POLS
Summer, 2016
Continuous Superiority of the United States: Interdependence of the World’s Two Leading Economies
Article Title: “China’s Century? Why America’s Edge will Endure”
Author: Michael Beckley
Introduction (author’s thesis, my thesis)
The author attempts to confront an idea that China is surpassing the United States in economic growth. As a result of globalization the United States maintains its hegemonic status in international politics. Despite recovering from the financial crisis of 2008, at the time of writing this article, the author predicted that the United States will be able to sustain its leading position …show more content…
By comparing the global status of the two countries over the past 20 years, the author claims that when comparing the international influence, one may be neglectful to the growth in some areas of the economy and consider only the declining process of the others. Although China is rising in many economic areas, and the United States has experienced a decline in a number of areas, China is still not surpassing the United States.
The author then continues to discuss the national power of the two countries that can be measured by the domestic resources which have a great impact on international politics, such as wealth, innovation, and military capability. In particular, according to the article, China’s GDP has risen as compared to the GDP of the United States. China’s GDP continued to grow at the rate of 8 percent despite the financial crisis, and may continue to grow at a 7 percent rate or a significantly lower rate, according to different resources. The author’ explanation of the GDP growth is based on the decrease of the working population which has declined due to recent shift from multiple children to one child policy. This factor will cause an increase in pensioners who won’t be able to produce as much as the younger …show more content…
It is not explicitly mentioned, however, that among the borrowing countries China is one of the major creditors of the United States. At the time the article was in writing, China’s investments in the economy of the United States have exceeded other countries. One may find it interesting, that in the recent years, Japan has been competing with China as the major creditor to the US. According to the data of the Department of Treasury, released by Reuters, Japan’s holdings of the U.S. Treasury debt is recorded at 6.16 trillion USD, as compared to China’s holdings of the debt estimated at 1.22 trillion USD in February 2015. These numbers indicate that China’s investments have significantly decreased since 2008, while the Japan’s investments have increased in the U.S. economy. The article doesn’t emphasize the economic interdependence of the two countries. It may seem to be bias not to include the most essential relations as exporting markets which both countries benefit