China and Its Role in the Decline of American EconomicPower
Author(s):
Article Type:
Research/Original Article (دارای رتبه معتبر)
Abstract:
The rapid and steady growth of China's economy has led to profound changes in the world economy and the creation of new equations in the political, economic and cultural spheres at the international level. One of the most important of these developments is the impact of China Economy on US economic power in balance and the global economy as a whole. This article addresses the question of whether China's economic developments have affected US economic power. Research findings show that China's economy has been able to reduce the US economic power by capturing a higher share of world GDP, along with increasing its exports to various countries and overtaking the US, as well as creating a severe trade deficit for the US economy. From this perspective, the US-China trade war can be justified and interpreted, and the continuation of this economic war could lead to a losing game for both countries. The US economy is at a crossroads between accepting China's economic power and reducing its influence or accepting a losing game, which in any case will be an unpleasant end for the US economy.
Keywords:
China , America , trade war , trade deficit , exports
Language:
Persian
Published:
Journal of American Strategic Studies, Volume:1 Issue: 3, 2021
Pages:
67 to 84
https://magiran.com/p2383822
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