Year: 2010
Type: article
Abstract: While their full effects are not yet clear, the recent financial crisis, and the global economic slowdown that followed, could have a significant impact on the evolving strategic rivalry between the United States and China. Economic issues are likely to become a source of increasing friction and tension in Sino-American relations over the next several years. At the same time, however, the after-effects of the crisis will make it much more difficult for Washington to afford an escalating arms competition with the PRC. Although China appears for the moment to have emerged in a relatively strong economic position, its seemingly rapid recovery could prove fleeting. Finally, while reports of the imminent demise of the dollar as the world's currency and the evaporation of America's soft power relative to China's are exaggerated, both developments have been made more plausible by the events of the past two years
Source: Survival
Author: Aaron L. Friedberg
Institution: Princeton University
Language: English
Field: Social Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W2008307994