China’s ascension to superpower status has caused many Westerners to worry. They worry that China’s sustained growth will hurt their livelihood and economic status. Others, however, see this as an opportunity to exploit new markets and to further world unity. This is an increasingly relevant debate as many have predicted China’s growth to continue at a steady rate in both the short and medium terms. This paper will examine the reality of the potential threats and the extent of the opportunities. What constitutes a threat and opportunity is entirely dependent on the perspective so, this paper will assume the perspective of the United States for the reasons of size and influence it has on the rest of the Western world. One of the biggest issues concerning the Western world with the rise of China is the economic effect on jobs. Many American companies are afraid of the job losses created by inexpensive Chinese imports. The theory is that China’s seemingly endless supply of cheap and lack of regulation allows them to produce goods at costs much lower than American firms causing a shift of employment to the East. China’s growth has largely revolved around increases in manufacturing causing American manufactures to face downward wage pressures and reallocations of labor (Eichengreen, 2011). They worry demand will fall for domestic goods and shift towards cheap imports costing their jobs. With nearly 12million jobs at stake, according to the Bureau of Labor Statistics (BLS), the US manufacturing is not trivial. Manufacturing jobs have taken a hit recently, in 2003 nearly 3 million jobs were lost and many of the losses attributed to the rise of the East. The perception of this however, is probably much bigger than the real threat. ... ... middle of paper ... ... Jan. 2011, sec. B: 1. Print. Lipton, Eric S., and David Barboza. "As More Toys Are Recalled,Trail Ends in China." New York Times 19 June 2007. Print. Elwell, Craig K. "Deindustrialization of the U.S. Economy: The Roles of Trade, Productivity, and Recession." Congressional Research Service (2004): 3-8. Print. Elwell, Craig K., Marc Labonte, and Wayne M. Morrison. "CRS Report for Congress: Is China a Threat to the U.S. Economy." Congressional Research Service (2007). Print. "China’s Environment: Taxing times Ahead The Economist." The Economist 29 Oct. 2011. Print. Bumiller, Elisabeth. "U.S. Official Warns About China’s Military Buildup." New York Times 25 Aug. 2011, sec. A: 8. Print. Bajori, Jayshree. "Backgrounder: The China-North Korea Relationship." Council on Foreign Affairs (2010). Web. 06 Nov. 2011. .
...ities as a responsible state holder. One of the consequences of the international community questioning China’s military capabilities is that the international community could potentially induce an unproductive arms race with China. If China is to participate in the race, China will have a weakened competitive position in the races of economic and intellectual strength. Secondly, China will lose the ability to use its army as a form of soft power therefore making it harder to believe that China can be a responsible state holder since it will seem like propaganda. In terms of China, the world is in a very exciting position with the promotion of the China’s model an alternative governing system is being offered. However, we need to remain vigilant and aware for just as quickly as China rose, it has the potential to fall as well if it doesn’t play it’s cards right.
Shambaugh, David, “Lifting the EU Arms Embargo on China: An American Perspective”, Discussion paper prepared for the CSIS/SWP conference “China’s Rise: Diverging U.S.- EU Approaches and Perceptions,” Berlin, April 28-29, 2005
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The U.S. industries have been outsourcing manufacturing for several decades now. U.S. companies thought they were reducing costs by outsourcing development, manufacturing, and process-engineering abilities. Consequently, U.S. corporations’ knowledge, skilled workers, and supply chain, which are the necessities to producing advanced products, have vanished. For example, almost all notebook computers, cell phones, and handheld devices, which were once created in the U.S., are now designed in Asia. When a major U.S. company outsource, it pressures their rivals to do the same thing. They also lose the expertise of process engineering, which would interact with manufacturing on a daily basis. Minor companies and skilled workers go to where the jobs and knowledge networks are no matter where they are geographically in the world. This decline of trade in the U.S. has caused a negative chain reaction to their suppliers of sophisticated materials, tools, production equipment, and components. U.S. industries do not have a way of coming up with new ideas for the next generation of high-tech products...
Evaluating threats to America’s national security is a challenge that is undertaken by academics, intelligence analysts, policy-makers, and anyone else with the patience. During the Cold War, America’s biggest concern was easy to define, the only other state capable of competing with America, the Soviet Union. Today, America faces threats from states, non-state actors, domestic groups, and even economic conditions. However, two states should always be kept in mind when discussing national security, China and Russia, with China being the biggest threat.
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The current trade imbalance is caused in large part by intrinsic features of China's labor market and consumer base. The vast majority of China's 1.3 billion people still live in rural areas. China has, by some estimates, a surplus rural labor force of 120 million people, many of whom migrate to industrial centers to look for factory work, and drive down wages. As long as wages are low, the United States will continue to gobble up products made in China, while Chinese consumers will prefer to buy cheaper, homespun alternatives to American products. The rise in trade deficit with China has come at a cost to jobs in the United States, accordin...
.... The two countries are reconnecting rail lines and sent a combined team to the Olympics. Even the United States is providing $500 million dollars a year in food to the starving North Koreans. The new South Korean President, Roh-Moo-hyun was elected on a peace platform and suggested US troops may be gone within ten years. Works Cited North Korean military and nuclear proliferation threat: evaluation of the U.S.-DPRK agreed framework: joint hearing before the Subcommittee on International Economic Policy and Trade and Asia and the Pacific of the Committee on International Relations, House of Representatives, One Hundred Fourth Congress, first session, February 23, 1995, Publisher: U.S. G.P.O.: For sale by the U.S. G.P.O., Supt. of Docs, Congressional Sales Office; http://news.bbc.co.uk/1/hi/world/asia-pacific/2340405.stm http://www.iht.com/articles/95391.html
78, no. 1, pp. 137-146. 5 (3), 27-45, http://www.politicalperspectives.org.uk/wp-content/uploads/Sino-US-relations1.pdf 9. Wang, Hui, “U.S.-China: Bonds and Tensions”, RAND Corporation, 257-288, n.d., http://www.rand.org/content/dam/rand/pubs/monograph_reports/MR1300/MR1300.ch12.pdf 10. Yuan, Jing- Dong, “Sino-US Military Relations Since Tiananmen: Restoration, Progress, and Pitfalls”, Spring 2003, http://strategicstudiesinstitute.army.mil/pubs/parameters/articles/03spring/yuan.pdf 11. Yan, Xuetong. "
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...e will dissipate. With each new day, China continues to invent new technologies and expand their global markets. China is only getting stronger, and if the United States wants to remain a contender is this race to be the best, we must stay alert and continue to not only keep up, but outperform the Chinese.
China has also expanded their trading industries with countries such as South Korea, Japan, Taiwan, ASEAN, India, Russia and Hong Kong. This has not satisfied the Chinese greed for income as they also export and import goods to American countries, name...