The Rapid Rising and Declining Ecnomic Powers & Has Economic Power Replaced Military Might?
The Rapid Rising Economic Power
The Chinese leadership has unveiled a strategy to lead the globe in seven of the most important industries.The economic blueprints focus on seven “Strategic Emerging Industries” that Beijing aims to dominate on a global level: alternative energy, biotechnology, new-generation information technology, high-end equipment manufacturing, advanced materials, alternative-fuel cars, and new energy technologies. Global firms that compete in everything from hydropower to flat panel display technology will have to account for stronger Chinese competition. And for countries, such as Japan and Korea, with hopes of having their domestic firms lead these industries, these new Chinese plans may necessitate revamping their policies of state assistance for corporations.(The Atlantic)
Move towards a global military power, in the last 12 months China has crossed several significant milestones that analysts say mark a growing self-confidence
that Chinese armed forces can now begin to match the country’s status as a rising economic super-power.(The Telegraph)
Facing the Threat of Piracy, China Starts to Talk Like a Superpower,For counter-piracy campaigns to be effective, we should probably move beyond the ocean and crash their bases on the land… It is important that we target not only the operators, those on the small ships or crafts conducting the hijacking activities, but also the figureheads.chen(Globalspin)
China has dialogue mechanisms on defense, security with 22 countries.China has established consultation and dialogue mechanisms on defense and security with 22 countries, and has military-to-military exchanges with more than 150 countries, Chinese Defense Minister Liang Guanglie(xinhuanet)
Rare Earth Elements, advanced military technology depends on these elements
97 percent of the world’s supply comes from mines in China, and China is prepared to simply stop exporting these strategic elements to the rest of the world by 2012.Rare Earth Woes Could Mean Trouble for U.S. Stealth Fleet.(wired)
China Surpasses U.S. as World’s Biggest Energy Consumer China surpassed the U.S. last year as the world’s largest energy consumer, according to an annual report by British oil giant BP
The Rapid Decline Ecnomic Power
Chronic unemployment worse than Great Depression.CBS News correspondent Ben Tracy reports that the chronically unemployed face the hardest road back to recovery, and that while the jobs picture may be improving statistically on a national level, it is not for them.Tinong Nwachan, for example, has far too much time on his hands. When CBS News met the former truck driver he had been out of work for two years. “I don’t really tell too many people this but I’m not ashamed or nothing, I’m homeless,” Nwachan said.(cbsnews)
Decline and fall of the American empire.The US is a country with serious
problems. Getting on for one in six depend on government food stamps to ensure they have enough to eat. The budget, which was in surplus little more than a decade ago, now has a deficit of Greek-style proportions. There is policy paralysis in Washington.(guardian)
Jack Lifton as saying, “A real crunch is coming. In America, Britain and elsewhere we have not yet woken up to the fact that there is an urgent need to secure the supply of rare earths from sources outside China.”So what’s the problem with these rare elements? 97 percent of the world’s supply comes from mines in China, and China is prepared to simply stop exporting these strategic elements to the rest of the world by 2012.If that happens, the world will be crippled by the collapse of available rare earth elements. Manufacturing of everything from computers and electronics to farm machinery will grind to a halt. Electronics will disappear from the shelves and prices for manufactured goods that depend on these rare elements will skyrocket.(naturalnews)
Paul Gilding, the veteran Australian environmentalist-entrepreneur, who described this moment in a new book called “The Great Disruption: Why the Climate Crisis Will Bring On the End of Shopping and the Birth of a New World.” “When you are surrounded by something so big that requires you to change everything about the way you think and see the world, then denial is the natural response. But the longer we wait, the bigger the response required.”(THOMAS L.FRIEDMAN)
Has Economic Power Replaced Military Might?
At the Cold War’s end, some pundits proclaimed that “geo-economics” had replaced geopolitics. Economic power would become the key to success in world politics, a change that many people thought would usher in a world dominated by Japan and Germany.
Today, some interpret the rise in China’s share of world output as signifying a fundamental shift in the balance of global power, but without considering military power. They argue that a dominant economic power soon becomes a dominant military power, forgetting that the United States was the world’s largest economy for 70 years before it became a military superpower.Political observers have long debated whether economic or military power is more fundamental. The Marxist tradition casts economics as the underlying structure of power, and political institutions as a mere superstructure, an assumption shared by nineteenth-century liberals who believed that growing interdependence in trade and finance would make war obsolete. But, while Britain and Germany were each other’s most significant trading partners in 1914, that did not prevent a conflagration that set back global economic integration for a half-century.
(Joseph S. Nye)