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China's Challenge to US Supremacy

Part of the International Political Economy Series Book Series

DOI: 10.1057/978-1-349-95157-4

ISBN: 978-1-349-95156-7

Publisher: Palgrave Macmillan UK - Springer Journals

Feb 28, 2017

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China’s Challenge to US Supremacy

Glenn, John G.

Pages: 1 –23

[This chapter sets out the overall thesis of the book. It argues that, after the Second World War, the USA was instrumental in establishing a global architecture governing Security trade, production, investment, and knowledge. In so doing, it sought to mitigate the two main dynamics of the...
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The USA as Global Architect

Glenn, John G.

Pages: 25 –51

[This chapter examines in detail: the post–Second World War security configuration; the original agreements on trade and investment; the pegging of the dollar to gold; and the facilitation of international lending through the World Bank and IMF. It further details how this system evolved to take...
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The Global Architecture Reconfigured: Implications for East Asia

Glenn, John G.

Pages: 53 –82

[Chapter 2 focuses on the emergent long-term changes to the global architecture established by the USA. Initially, the chapter looks at the transformation of trade and production towards global commodity chains and the transformation of the financial system. It continues on to detail the...
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China Opens

Glenn, John G.

Pages: 83 –110

[This chapter concerns itself with China’s spectacular growth, but it does so in the context of the serendipitous moment outlined above. It further contends that China’s growth in trade, production, and technical/scientific knowledge acquisition can only be fully understood within the context of...
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China Integrates

Glenn, John G.

Pages: 111 –137

[Chapter 5 follows on from Chap. 4, detailing China’s accession to the WTO in December 2001 and the ongoing ramifications for its economy and relations with the rest of the world. The chapter outlines the significance of the agreements that covered the following: tariff and subsidy issues; Trade...
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The Current Balance

Glenn, John G.

Pages: 139 –174

[This chapter provides a detailed picture of China’s economic position as it stands today. In so doing, the chapter not only details the various ways of measuring economic growth but also how sustainable this growth is in relation China’s industrial structure. It therefore examines both internal...
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Future Scenarios

Glenn, John G.

Pages: 175 –211

[Chapter 7 examines this improvement in China’s military force and the US reaction to this evidenced by the strengthening of regional military agreements. It then moves on to an examination of possible scenarios for the near future. These include: the Japanification model (internal and external...
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Conclusion

Glenn, John G.

Pages: 213 –224

[The conclusion returns to the argument that we can only fully understand China’s growth and future trajectory within the context of the international architecture that the USA has designed. One of the main objectives of this architecture was to mitigate inter-state competition and the...

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