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Friedman also expresses his opinion on countries that he believes will succeed in the future, and which ones he believes will fail. In fact, he has an entire chapter dedicated to studying the future of a currently major power in the world - China. Friedman believes that by 2020, internal factions and economic stress will lead to their collapse and destruction as a possible major influence in the world (92). With the second largest economy in the world with an extremely high GDP of approximately $11.2 million, it is hard to believe that a country with such an economy will collapse. Although their growth has not been as significant and staggering as it has in the last thirty years, it is still sufficient (95). Moreover, China is the largest foreign …show more content…
Although I do agree with his predictions about Turkey rising as a major military and economic power, along with the decline of population which is clearly evident now (Dr. James example with grandparents having more kids than their parents), and the usage of space for military purposes and development, I did not agree with him on issues such as the lack of population leading to massive immigration, China not rising as a major world power, and the rise of Poland as a threat to the United States. Friedman made great strides to cover most of what he believes may happen in the next century, but I do believe that he left some out that may happen in the next decade. The United Arab Emirates is currently ranked as the twenty eight largest economy in the world with a GDP of approximately $440 billion. Located in a troubling region with a lot of social distress, the United Arab Emirates has increased their military force significantly. According to the Stockholm International Peace Research Institute, the United Arab Emirates was the fifteenth highest country with military expenditures (Bienaimé and Rosen). Moreover, halfway through 2015, they are becoming the third’s world largest defense importer (Bienaimé and Rosen). The United Arab Emirates does have the infrastructure and facilities to create a powerful military not only for defense in the region but for expansion too. The United Arab Emirates is modernizing and commercializing at an unbelievable speed. Dubai, one of the most famous cities in the world for its Burj Khalifa and other amazing skyscrapers, and in addition building their own offshore islands – The World Islands. Dubai already has a major airport – Dubai International Airport – the seventh busiest airport in the world and the busiest airport in the world by international passenger traffic. Dubai International Airport has increased tourism which therefore increases the amount of
On the other hand, hard-core realists predict that since China’s economy is on the rise, and United States economy is declining, it may create conflict. During World War I, a war occurred between England, a declining dominant hegemony, and Germany, a dissatisfied challenger on the rise (Wong, The Rise of Great Powers, Nov.18). However, war will not spark between China and...
Schuman, Michael. "Why Do We Fear a Rising China?" Time Magazine, 7 June 2011. Web. 1 Oct. 2013.
Terrill, Ross. "China Is Rising, but for How Long?" New York Times. N.p., 11 Sept. 2006. Web. 23 Feb. 2014.
“Our Future Selves” by Eric Schmidt and Jared Cohen construct views on countries’ technologies that changes the world on a daily basis. Conversely, technologies reconstruct countries in various simpler ways to live throughout economic trends. Furthermore, the quality of life is massively changing with new technologies. Consequently, wealthy countries are viewed differently from poor countries towards technological advantages. Ordinarily, technologies have made the difficult obstacles so much easier than just by hand. Industries have utilized the advanced technologies to provide huge manufacturing productivity. Moreover, Eric Schmidt and Jared Cohen have some very compelling reservations within their article, “Our Future Selves”, on the trends
Coates, B., Horton, D., & McNamee, L. (2014, January 1). CHINA: PROSPECTS FOR EXPORT-DRIVEN GROWTH. Economic Roundup Issue 4. Department of the Treasury (Australia).
National economics are often adversarial in nature, a global contest where countries seek to gain advantage over their neighbors, all in the name of wealth and gain. America is no stranger to the game; the U.S. has been the world’s economic leader for the better part of a century. China, however, is the leading contender for the economic top-spot (), and America continues playing directly into China’s hand. America’s current trading posture with China is drastically skewed in China’s favor; if America is going to preserve its position as the leading economic power, existing U.S.-Chinese trading agreements will need to be revised, and additional regulations must be introduced to promote balanced dealing.
China has a list of problems while maintaining one fifth of the world’s population. It covers around the same geographic area as the United States, but has twice the amount of problems, along with five times the amount of people. They have not had a lucrative past, and their future does not either. In order to fix such problems, the Chinese government has taken miniscule actions to further aid their country (Riley, China’s Population).
For the past twenty-five years, China has witnessed an overall increase in its domestic growth (Fischler 148). According to the article, “The Rise of China as a Global Power,” by Dr. Rosita Dellios, China “is the world's fourth largest trading nation, rising from 32nd in 1978 to 10th in 1997.” Similarly, China’s GDP is also second to the United States of America, generating 13 percent of the world’s output (Dellios). Since China’s introduction into the World Trade Organization in December 2001, its average tariff dropped from 41 percent in 1992 to 6 percent in 2001, becoming one of the most open economies in the world (Dellios). China is also the world’s fastest developing economy, obtaining an annual growth of 9.5 percent through foreign direct investment, low labor rates, emerging markets, and growth expansion. (Dellios). Therefore, the 21st century has been titled the “Chinese Century”, as China has become the second-largest international economy in the world (Ji-lin 15).
In 2008, the Global Financial Crisis broke out; both the American economy and the economy in the West suffered a hard blow. However, a big economy system in the East emerged unexpectedly. China is now able to challenge the America’s decades-long dominant position in economic area. Started during the middle of 1990s, China’s manufacturing industry developed rapidly that billions of exports were floating out, and China was given the title of “the world’s factory”(BBC). By the end of 2010, China with a GDP of $5.8 trillion, surpassed Japan’s GDP of $5.48 trillion, became the world’s second largest economy system (BBC).
In the first part, we are going to take a closer look at China’s economy by analyzing its external trade relations within the region...
Additionally, in the book US FOREIGN POLICY, Michael Cox (2012) concluded that “China’s peaceful rise has largely consoled its neighbors and the United States that it remains a status quo power. However, as it has risen, there are some (perhaps an expanding number) who predict this will lead to increased regional and global competition” (p.266). Clearly, Michael Cox indicated the point that there might be more competitions in the future relation between China and the rest of the world no matter China rises peacefully or not. In particular, China and the United States will face many intense issues since they are the two giants in th...
From the 1970s, there has been a wave of liberalization in China, which was introduced by Deng Xiaoping. This is one of the key reasons to the rise of China to be one of the economic giants in the world. In the last 25 years of the century, the Chinese economy has had massive economic growth, which has been 9.5 percent on a yearly basis. This has been of great significance of the country since it quadrupled the gross domestic product (GDP) of the country thus leading to saving of 400 million of their citizens from the threats of poverty. In the late 1970s, China was ranked twentieth in terms of trade volumes in the whole world as well as being predicted to be the world’s top nation concerning trading activities (Kaplan, 53). This further predicted the country to record the highest GDP growth in the whole world.
...st and stand in the world. It is predicted that China will one day be the largest economy growing country in world. They continually growing and rebalancing their world to be the best. The growth of economy will depend on the Chinese government comprehensive economic reforms that more quickly accelerate in China transition to a free market economy. The consumer demand, rather than exporting the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental. (Morrison, 2014,para2)
Having thrown open its doors to capitalist investment and expanded at a miraculous rate over the past three decades, China has now surpassed Japan to become the second biggest economy in the world. Since the early 1980s, China's economy has metamorphosed from a centrally planned syst...
The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.