Rise of China and new world order

Abstract

The last 100 years have seen the rise of communist and capitalist societies. However, at the end of the Second World War, the world got divided into two distinct blocs; one spare headed by the United States and the other led by the fonner Soviet Union. In the meantime, the Chinese nation slowly and gradually started transforming itself with non-conflict policies. The same era saw increased progress in the economic might of China, and now China has become the indisputable economic giant at the global level. The phenomenal investments of China in almost every continent have drawn the world's focus towards Chinese driven progress followed by the adoption of the Chinese vision of prosperity. The purpose of this paper is to carefully scrutinize the increasing dominance of China as a rapidly emerging international economic power and global shareholder. The paper explores how China is providing great opportunities for the Asian states to incorporate with its economy and how tius cooperation will establish and maintain the Clunese hegemoluc character in the evolving "new world order". The paper will also examine and evaluate the influence of Cluna on the Uluted States in tenns of economic development. It will further examine the efforts and steps taken by Cluna to create and sustain her economic growth. It explains how a sluft in power structure might impact the dynamics of the international system. It also analyzes different strategies that a country uses when it aspires to become a global or regional power.