• International,  US

    Why China won’t overtake the U.S as the next Superpower

    Never before in modern history has the world witnessed a rise so spectacular – a nation transforming within a few decades from a relative backwater to today the world’s second-largest economy. With a labor force of 800 million, the largest domestic market, the largest manufacturing and export industry and a still stellar annual growth rate, many commenters, from the likes of Paul Kennedy to Niall Ferguson to Jeffrey Sachs, have boldly claimed China as the next world hegemon, usurping America in the near future. However, such an assumption is misplaced. If we define power as the ability to influence as well as resist influence, a large robust economy alone does…