Rethinking Imperial Power in Global Times Essay

Rethinking Imperial Power in Global Times - Essay ExampleThe two countries economies are among the fastest recruiting economies of the world. mainland China and India have sought to make good international relations. Countries such as the get together States are concerned about what the international relations of China and India will result into, in future, in terms of global affairs. This paper analyses economic sepa set outment, military advancement and political growth of both(prenominal) India and China to determine how the two countries may influence the world in future. Therefore, based on the veridical and predicted development of China and India, the paper critically evaluates the countries chances to emerge as a new global power. fixed in the South East of Asia, China is the third largest country in the world, following Russia and Canada (Richardson, 2007, p, 6). China has a permanent seat on the joined Nations Security Council, and can therefore, influence major glob al issues (Callahan, 2005, p, 701). The United States could be the largest and or so powerful economy in terms of defence technology, but the United States does non contribute towards changing the global economy as much as China does. Based on Chinas economy, the country has been doing well on every aspect of economic development. For instance, China dominates the roadstead construction sector in the world and manufactures almost every product. To be a bit specific, most consumer electronics are manufactured in China. That is why in every theatre, there is a product do in China. This is a goal that the country had set long time ago that every household should at least have one product made in China by the 20 first century. Surprisingly, China has achieved this goal. From the countrys economic data, it is evident that china influences the global economy. For instance, consumer spending is anticipate to rise from 35% to 50% by 2015. This will give China an upper hand to grow eco nomically. 70% of United States GDP is derived from consumer spending (US Commercial Service, 2013). It should also be noted that China seeks to develop biotechnology. The country bases its modernisation process mainly on its domestic resources (Bijian, 2005, p, 20). Chart1 Chinas Current and intercommunicate Consumer Spending Chinas economic growth is remarkable. The country recorded an economic growth rate of 7.8% in 2012 and 9.3% in 2011. This was much better, compared to United States of Americas economic growth rate of 2.2%, Indias growth rate of 3.2%, Japans growth rate of 1.9%, Germanys growth rate of 0.7% and United Kingdoms economic growth rate of 3.2% (Chart 2). This follows that China is the second largest economy of the world, subsequently America. In addition, according to the 2012 International Monetary Fund report on GDP of various countries, China ranks second, after the United States of America. Furthermore, China is judge to narrow the margin by 2017, as per the estimates. According to 2050 estimates, China is expected to be the worlds largest economy, followed by United States of America. By 2001, United States of America was the largest oil consumer, piece of music China was third, but by 2009, China had risen to the second position. Innovations have been occurring in many split of the Chinese economy (Chow, 2010). This innovation begins from private enterprises to educational institutions. Chart 2 Economic Growth of China and India As a result of adopting industrialization, China has increased its dependency