China's Challenge to US Supremacy: Economic Superpower versus Rising Star (International Political Economy Series)

This book analyzes China’s development in the wider context of the global trade, investment, security, knowledge and production regimes established by the United States. It argues that, although China has thus far been able to enjoy rapid growth within this global architecture, it will have to deal with a more challenging external environment as other states react to its rise. More specifically, it is facing growing pressure to realign its currency, a greater number of trade investment and intellectual property disputes, a more hostile security environment, and exclusionary regional trans-Pacific and trans-Atlantic trade agreements. It is also being confronted by an array of internal issues, from an ageing population and weaknesses in the high tech sector, to over-reliance on foreign companies for exports, non-performing loans and a burgeoning state debt. This, in turn, has led an increasing number of firms to relocate to other countries. For the time being, the author concludes, China's global ambitions and challenge to US supremacy will have to be scaled back. This insightful work will appeal to students and scholars of China's politics, economy and development. "Contents"--"Abbreviations" -- "List of Figures" -- "List of Tables" -- "Chapter 1: Chinaâ#x80;#x99;s Challenge to US Supremacy" -- "Introduction" -- "The USA and International Order" -- "US Power at the International Level" -- "The USA and the Rise of China" -- "Book Structure" -- "Notes" -- "Chapter 2: The USA as Global Architect" -- "Introduction" -- "In the Aftermath of the Second World War" -- "East Asia" -- "The â#x80;#x98;Collapseâ#x80;#x99; of the Bretton Woods System" -- "Conclusion" -- "Notes" -- "Chapter 3: The Global Architecture Reconfigured: Implications for East Asia" -- "Introduction" -- "Finance in the Aftermath of the 1971 Crisis" -- "Reconfiguring the IMF and World Bank" -- "The Emergence of the WTO" -- "Placing Balanced Trade on the Agenda" -- "The Global Transformation of Production Networks" -- "Conclusion" -- "Notes" -- "Chapter 4: China Opens" -- "Introduction" -- "Chinaâ#x80;#x99;s Growth" -- "China and the East Asian Developmental State Model" -- "Chinaâ#x80;#x99;s Divergence from the Developmental State Model" -- "Chinaâ#x80;#x99;s Trading Partners" -- "Conclusion" -- "Notes" -- "Chapter 5: China Integrates" -- "Introduction" -- "WTO Accession" -- "The Loopholes in the Global Architecture" -- "Overseas Production in China" -- "Multinationals and Intellectual Property" -- "The Outlook for China" -- "Conclusion" -- "Notes" -- "Chapter 6: The Current Balance" -- "Introduction" -- "The Measuring Debate" -- "The World Out of Balance" -- "Internal Challenges Confronting China" -- "Finance and Overcapacity" -- "The Lewis Turning Point" -- "Ageing Population" -- "Poverty and Inequality" -- "Technology Ladder" -- "External Challenges Confronting China" -- "Exchange Rates" -- "Trade and Investment" -- "Intellectual Property Rights" -- "Conclusion" -- "Notes" -- "Chapter 7: Future Scenarios" -- "Introduction" -- "The Military Balance." Front Matter....Pages i-xiii China’s Challenge to US Supremacy....Pages 1-23 The USA as Global Architect....Pages 25-51 The Global Architecture Reconfigured: Implications for East Asia....Pages 53-82 China Opens....Pages 83-110 China Integrates....Pages 111-137 The Current Balance....Pages 139-174 Future Scenarios....Pages 175-211 Conclusion....Pages 213-224 Back Matter....Pages 225-257 China's Challenge To Us Supremacy -- The Usa As Global Architect -- The Global Architecture Reconfigured: Implications For East Asia -- China Opens -- China Integrates -- The Current Balance -- Future Scenarios -- Conclusion. John G Glenn. Includes Bibliographical References (pages 227-252) And Index.