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The Rise of China and the Future of the West Can the Liberal System Survive?

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Abstract

From Foreign Affairs , January/February 2008 Summary: China's rise will inevitably bring the United States' unipolar moment to an end. But that does not necessarily mean a violent power struggle or the overthrow of the Western system. The U.S.-led international order can remain dominant even while integrating a more powerful China --but only if Washington sets about strengthening that liberal order now. G. JOHN IKENBERRY is Albert G. Milbank Professor of Politics and International Affairs at Princeton University and the author of After Victory: Institutions, Strategic Restraint, and the Rebuilding of Order After Major Wars. The rise of China will undoubtedly be one of the great dramas of the twenty-first century. China's extraordinary economic growth and active diplomacy are already transforming East Asia, and future decades will see even greater increases in Chinese power and influence. But exactly how this drama will play out is an open question. Will China overthrow the existing order or become a part of it? And what, if anything, can the United States do to maintain its position as China rises? Some observers believe that the American era is coming to an end, as the Western-oriented world order is replaced by one increasingly dominated by the East. The historian Niall Ferguson has written that the bloody twentieth century witnessed "the descent of the West" and "a reorientation of the world" toward the East. Realists go on to note that as China gets more powerful and the United States' position erodes, two things are likely to happen: China will try to use its growing influence to reshape the rules and institutions of the international system to better serve its interests, and other states in the system --especially the declining hegemon --will start to see China as a growing security threat. The result of these developments, they predict, will be tension, distrust, and conflict, the typical features of a power transition. In this view, the drama of China's rise will feature an increasingly powerful China and a declining United States locked in an epic battle over the rules and leadership of the international system. And as the world's largest country emerges not from within but outside the established post-World War II international order, it is a drama that will end with the grand ascendance of China and the onset of an Asian-centered world order.

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... As China sheds its status as a developing country (and therefore as a client of these institutions), it will increasingly be able to act as a patron and stakeholder instead. (Ikenberry, 2008) The thing is, that the more powerful the states get, the more advantages they are given by the system in terms of increasing their bargaining power in important decision-making process, making them stakeholders of the system. ...
... Declining states, in turn, fear their loss of control and worry about the security implications of their weakened position." (Ikenberry John, 2008) The future of liberal world order also rests on the actions of today's strongest state. As mentioned above, the rising powers will not attempt to topple the existing liberal order but they will only fight for the expansion of their rights within this system through increasing of their participation in international institutions, and therefore, increasing their participation in the decision-making process in order to gain more authority within the system. ...
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As a rising global power, China is assuming an increasingly pivotal role in the realm of international cooperation. Notably, its regional collaborative endeavours have transitioned into a more integral facet of multilateral cooperation, exemplified by the establishment of entities such as the Belt and Road Initiative (BRI), the expansion of the Shanghai Cooperation Organization (SCO), and the inception of the Asian Infrastructure Investment Bank (AIIB). Within this framework, China has emerged as a pronounced focal point for the United States of America and several other developed Western nations. Within the discourse of International Relations scholarship, there exists a contention regarding the pivotal role(s) that multilateral cooperation can play for a burgeoning power, facilitating the augmentation of its soft power and enhancing its negotiation processes in engagements with a hegemonic power or a state of greater influence. Consequently, China's escalating engagement in multilateral collaboration with diverse regions and nations introduces a disruptive element in the strategic landscape for the United States and other comparatively influential states. Indeed, such collaborative initiatives are construed as a source of tension within the context of power balancing. This study seeks to scrutinize the underlying dynamics propelling China's multilateral cooperation initiatives and to analyse the expectations that China harbours from these collaborations, which have engendered discontent among its rival states.
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RESUMO O objetivo do estudo foi investigar o efeito da divulgação de notícias sobre a guerra comercial entre China e Estados Unidos nos principais mercados Latino-Americanos. Assim, por meio de um estudo de eventos e adotando método paramétrico (teste t) e método não paramétrico (teste de Wilcoxon) foi testada a hipótese de que as notícias apresentadas pelo site cnn.com propiciam retornos das ações anormais maiores junto ao mercado de capitais Latino-Americano entre o primeiro semestre de 2016 e o final do primeiro semestre de 2019. Os resultados apontaram que: (i) o mercado brasileiro reage mais às notícias ruins do que a notícias boas, ao contrário de México e Argentina; e, (ii) o mercado chileno indicou que, o mesmo reage tanto positivamente quanto negativamente respectivamente, em relação às notícias boas e ruins, relacionadas à guerra comercial entre Estados Unidos e China. Palavras-Chave: Guerra Comercial; Mercado de Capitais; Retorno das Ações. ABSTRACT The aim of the study was to investigate the effect of the dissemination of news about the trade war between China and the United States in the main Latin American markets. Thus, through a study of events and adopting the parametric method (t test) and the non-parametric method (Wilcoxon test), the hypothesis was tested that the news presented by
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The discussion of China's rise as a global economic and political power in recent decades has been fueling various theoretical discussions based on the evolution of its foreign trade policy. Hence, empirical research method is proposed in the field of international law involving the study of institutions, norms and procedures based on academic evidence. In this sense, this article analyzes the underlying reasons why this country, despite its late insertion into the Multilateral Trading System, has a relevant influence in the present. In fact, this influence from China has generated a scenario of regionalism both in the Asia-Pacific and with other strategic partners. All this, in addition to also evidencing a progressive "shadow institutionalism". Thus, this whole previous situation means that exist a real primacy achieved by China at world nowadays which also tends, in certain circumstances, to tarnish and even undermine the role of the GATT-WTO paradigm and its logic of multilateralism. Accordingly, this implies a particular scenario that suggest a whole parallel model of authority that affects the dynamics of international relations.
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The future of international politics today hinges on the manner in which the Sino-American rivalry unfolds. Views of this vary from expectations of peaceful evolution to hegemonic transition, but many seem to overlook the significant potential of the liberal international order (LIO) in shaping the course of events. Thanks to its structure and adaptability, the LIO is more than the mere environment surrounding this rivalry and may be the primary determinant of American and Chinese choices, propelling relations toward cooperation. Drawing on liberal internationalist theory, this article argues that the LIO demonstrates substantial potential to emerge as the ultimate victor of the intensifying rivalry between great power rivalry. By evaluating multiple arguments, this article’s analysis concludes that a reformed version of the LIO, one that accommodates both American and Chinese expectations and reflects newly shaped power dynamics, holds the solution to the Sino-American conflict.
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Examining the twenty years since China acceded to the World Trade Organization, this collection provides an original, systematic assessment of the opportunities and challenges that China has presented to the WTO. Offering in-depth analyses of the 'two-way' relationship between China and the WTO, the contributions explore a range of key issues from the varied effects of WTO membership for China and the global economy to the responses of the WTO members to China's rapid economic growth. It presents diverse perspectives of leading scholars from multiple disciplines, including law, economics, political science, and international relations, as well as practical insights from senior policymakers from both China and the United States. This is an invaluable contribution to ongoing debates about the implications of the rise of China for global economic governance and enriches discussions of the wide-ranging implications of China's growing integration into the multilateral trading system, both now and in the future. This title is also available as Open Access on Cambridge Core.
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The strategic rivalry between the United States and China has heightened since COVID-19. Secondary states face increasing difficulties maintaining a 'hedging' strategy between the United States and China. This Element introduces a preference-for-change model to explain the policy variations of states during the order transition. It suggests that policymakers will perceive a potential change in the international order through a cost–benefit prism. The interplays between the perceived costs and the perception of benefits from the order transition will shape states' policy choices among four strategic options: (1) hedging to bet on uncertainties; (2) bandwagoning with rising powers to support changes; (3) balancing against rising powers to resist changes; and (4) buck-passing to ignore changes. Four case studies (Australia, New Zealand, Singapore, and Thailand) are conducted to explore the policy choices of regional powers during the international order transition. This title is also available as Open Access on Cambridge Core.
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In a second image reversed-perspective on global order, economic globalization did not level the differences between national models of capitalism as expected by many observers. Instead, it has given rise to completely new models of dependent and state-permeated capitalism in emerging economies. Currently, we are witnessing tendencies towards economic de-globalization in the areas of trade and foreign direct investments, further supported by the Covid-19 pandemic and the Russian war against Ukraine. Economic de-globalization will also have profound repercussions on national models of capitalism, particularly to those models that are strongly exposed to global economic flows. Based on a second image perspective, the rise of large emerging economies—in particular China—leads to manifold institutional incompatibilities with the existing global economic order. The current heterogeneity of the growth models of the most important economic powers not only limits the cooperation in regulating global finance, but also leads to a state-capitalist contestation of the postnational financial order.KeywordsGlobal orderGlobalizationDe-globalizationEmerging economiesChinaFinance
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