The Influence Of Globalization In The World
America and Germany (second largest economy) have seen their economies fall recently (Myrdal,2015). It is predicted China will overtake America in terms of GDP and become the world’s biggest economy within the next 10 years (Macken, 2015). India is expected to pass America by 2050 and Japan, who currently has the world’s third biggest economy is expected to continually grow (Cadman, 2014). From 1980 to 2011, Germany and America have experienced large decreases in their GDP. America has fallen from 26% to 21.7% whilst Germany’s GDP is now 5.1 which is significantly less than the 7.7% it used to be (Conley, 2015). The Asian rise could potentially be seen as threat to the West however the overall effect will be positive. The trade between these regions would see the West become richer and stronger similarly to how the post-war growth of Europe and Japan helped enrich the US economy …show more content…
India and China in particular have decided that expanding their militaries could reduce the power America currently has over them whilst also increasing the power they have over the rest of the world. China is currently expanding its army by 18% per year whilst India is increasing its army by 8% (Macken, 2015). The increased military suggests that the Asian super powers are wary of each other but also strengthens the view that America and Europe would be nervous and be planning to form military alliances (Hayek, 2015).
America has already formed alliances throughout Asia and has military deployed throughout the continent (Sachs, 2015). Whilst these alliances were formed to strengthen its power in Asia, it could back fire if the rising powers conflict forcing America to pick a side. India and America formed an alliance in 2005, increasing their military ties (Katzman,2005) and although it doesn’t mean America has to fight side-by-side in a conflict, it could reduce the relationship between the countries. Numerous alliances will be formed between China, India and Japan and the established powers over the next