Can China Become A Superpower Essay

Better Essays
Can China use its human resources strategically to become a superpower?
China and India dominated the world economy till 1800 AD accounting for 50 to 60 percent of the combined global GDP (S.R.; D.H., 2014). The world was stuck in a Malthusian trap, which is described as an equilibrium of non-growing income per capita leading to GDP being directly proportional to the population. The countries with higher populations had a higher yield and thus higher share of global GDP (Steinmann, Prskawetz, & Feichtinger, 1998). Technological advances in the industrial revolution broke this trap and propelled Europe and America as shown in Figure 1 below. The 19th and 20th centuries saw China’s GDP dwindle and other upheavals due to invasions and communism
…show more content…
China in the last two decades has invested in small developing countries across Latin America, Africa, and Oceania. Chinese expatriates, state governments and state-owned enterprises (SOEs) have taken the lead to invest in countries not historically aligned with China in the past. At the end of 2011, China had $366 billion invested in other countries, just shy of Australia at $385 billion (Smith & D 'Arcy, 2013).
Chinese expatriates play a significant role in Chinese influence on host countries. Countries in Africa have seen a large influx of Chinese expatriates since the mid-1990s who have the investment or the knowledge to make large infrastructure projects work. Chinese labor and project managers have been key in helping public sector and other infrastructure projects successful in Africa (Ravu & Parker, 2015). Chinese expatriate businesses are thriving and becoming the backbone of the African economy. Growing economic influence of Chinese expatriates has also opened diplomatic doorways for the Chinese government (Shi & Wang,
…show more content…
China has used its political system and human capital to become the workshop of the world, growing its economy manifolds. China is investing heavily in the education of its people, infrastructure, and the Internet. Also, China has made strategic moves in global political arena and defense. These all factors give China the competitive edge to become one of the world’s superpowers.
There are analysts who point out that China lacks “political, economic and civil freedoms to become a world leader” (Adelman, 2014). Adelman further points that Chinese quality of life and commonplace technology far lags the United States. The author agrees that China is behind the curve on these factors but based on the earlier discussed research it is making substantial progress in all the areas to surpass the U.S. in the next two

Related Documents

  • Decent Essays

    Superiority Of China

    • 1170 Words
    • 5 Pages

    The U.S. and other countries will continue to import Chinese goods for now, but the currency will eventually appreciate and make the Chinese currency less desirable. This will destroy one of China’s main drivers for economic growth. Lastly, it is time for the U.S. to realize that China does want to be a world power. As a result, the U.S. needs to widen the technology gap and show the world why no country will ever surpass the U.S.…

    • 1170 Words
    • 5 Pages
    Decent Essays
  • Decent Essays

    Economic Reform In China

    • 1072 Words
    • 4 Pages

    Foreign trade between them, both imports and exports, accounted for just under 600 million dollars in 2014, making China the largest import trader of the US and the third largest for exports [7]. Beyond trade, commodities, specifically oil, are a clear sign of dependence among all countries, especially these two. In anticipation of China’s continued growth, and therefore, increase in consumption, the oil and gas industry has continued to produce more and more. With the recent slowing of China’s industries, the supply available is now much greater than world demand, thus a fall in prices [8]. China’s decelerating growth has certainly effected the US as we have witnessed the fall in oil prices by more than half in the past year [4].…

    • 1072 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    As of 2011, 50.6% of the Chinese population lives in an urban environment, considerably higher than India’s 31.3%, a clear indicator of India’s demographic spread. China dominates the world in manufacturing, exporting $2.341383 trillion in 2014, 22.6% of their total GDP. While India exports a higher percentage, 23.6% of their GDP, $487.788966 billion is only about one fifth of China’s nominal exporting value. This vast difference in exports can be attributed to the path the countries underwent during their 1970’s-1980’s reformations. “China has pursued a manufacturing-led growth strategy whereas India has chosen a more services-based development model” (Kumar).…

    • 864 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    The cohesive economic growth created by the investment of other countries has made many steps in exciting this reaction. Aid sent by china culminates into a platform of people who need employment to kick start their economy. James Snider, Editor of Think Africa, breaks down the process in an interview with Al Jazeera English. Snider stated “in order to have broad-based development you need to have a much more labor absorption. Then you can have more domestic demand and more investment in manufacturing, this as both a domestic and then also an external market.” The key to economic independence for Africa as a continent is controlling the manufacturing of their own resources.…

    • 762 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    Many people devoted to study the transformation, hoping to find the answer to China’s economic miracle; yet, by doing so, they failed to recognize the ongoing second Chinese economic reform: from export-dependent to consumer driven. Much of China’s engines of growth hinges on exports…

    • 810 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    In 2014, exports of foreign-invested enterprises (FIEs) grew by 3%, accounting for 45.9% of China’s total exports, and imports increased by 3.9%, representing 46.4% of China’s total imports. By the end of 2014, China approved a cumulative of 809,829 foreign investment projects, with actual utilized overseas FDI amounting to US$1,513 billion. Before China’s loosening of its foreign policies, its banking system was inefficient and weakly structured. Through globalisation and introduction to competition, China’s banks had to readjust to its new circumstances and improved its standards to match those of the global economy, to attract and protect foreign involvement. China also authorized some foreign banks to open branches in Shanghai and allow foreign investors to purchase special "B" shares of stock in selected companies listed on the Shanghai and Shenzhen Securities Exchanges further encouraging investment in domestic…

    • 990 Words
    • 4 Pages
    Decent Essays
  • Decent Essays

    It consists about 29 per cent of the total number of international students in Victoria1. The document of the DFAT Feasibility Study on a Free Trade Agreement with China, the Victorian Government stated the Chinese market for international students in Victoria is the fastest growing of the major export markets . Moreover, institutions that had been aggressive recruiters in the demand-driven system will increase the number of international students. The global economic downturn results in a decline of Victoria’s international visitor markets. The number of Chinese visitor continued to grow strongly that present an opportunity for Victoria.…

    • 704 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Startup Case Study

    • 702 Words
    • 3 Pages

    In 1997, government officials turned their attention to promoting large, mostly state-owned firms. The slogan “Grasp the big and let the small go” helped Chinese firms enter the global stage with a bang. But more recently, the economic challenges have made the government consider its strategy…

    • 702 Words
    • 3 Pages
    Decent Essays
  • Decent Essays

    Danone Case Study

    • 1622 Words
    • 7 Pages

    This paper is going to analyze the market development strategy of Danone in China, study how Danone applied its merger and joint venture stragty and multi-brand strategy to Chinese market in the tide of multinational business, what Danone did in order to formulate the marketing strategy, and also what Danone has went through in those years in China. These experiences are not only the precious treasure for Danone, but also the valuable lesson that all the multinational companies can learn from. In the era that the globalization is sweeping all over the world and will doom to become fiercer, it’s more vital for multinational companies to keep pace with the time and find the right development direction to gain more profits and market shares, as well as produce better products and service for the global…

    • 1622 Words
    • 7 Pages
    Decent Essays
  • Decent Essays

    China as the second largest economic power in the world currently is facing a dilemma- development or environment? Since the late 1970s, China’s rapid economic development has been accompanied by environmental problems especially pollution and also resource constraints. Thus, it is a challenge for China to resolve and balance both development and environment due to its unique demography and terrain. The study focuses on the development needs and the importance of the environment in the case of China’s environmental pollution problem. According to World Population Clock (2015), China is the world largest population growth with approximately 0.5% yearly and 1.3 billions population in 2014.…

    • 1472 Words
    • 6 Pages
    Decent Essays