The paper "The Impact of the Rise of China on the Regional Security and Economy in Relations to the World" is a good example of a macro and microeconomics research proposal. China is a rising military power and allocates increasing portions of its budget to military modernization as well as emphasizing the application of force. China survived the economic crisis that hit the region from 1997 to 1998 and has not shown any signs of stagnation (Enright, Scott & Chang, 2005) However, the future is not certain. Some observers project a continuous rise of China while others foresee a dramatic fall or decline like that experienced by Japan after a tremendous growth.
There seem to not to be a clear correlation between increased threat and increased power in the case of the rise of China. The impact of the rise of China is not clear at the moment although there are many assumptions by scholars and observers. Some are of the view that the United States will be overtaken by China as the largest economy in the world in future.
The dilemma in the Asia Pacific that has been brought about by the rapid rise of China is very obvious and levels of suspicion rising cannot be ruled out. The rise of China in the region presents many challenges to the U. S. and other states found in the Asia Pacific region. Only Russia sees China as a strategic partner. This research sets out to establish the impact of the rise of China on the regional security and economy in relations to the world. Background and literature review China boasts of having the longest continuous civilization in the entire world and for a major part of its history, it has emerged as a major power on the world map.
Despite suffering a period of decline in the early 20th and 19th centuries, recent decades have been characterized by the rebirth of the power of China. Different economic indicators demonstrate the growth of China. By 2009 China overtook Germany as the largest exporter and grew to become the second-largest economy in the world after the U. S. and overtaking Japan (Zheng, 2005). China is a manufacturing base and central destination in intra-Asian and international trading networks producing goods for export in developed countries.
Chinese structure has expanded on a large scale. China has come to the top ranks in steel production and other metals, ships, cement, textiles, and electronic goods. China is a major utilize of international raw materials. The radical growth of China a great economic power in a span of around thirty years is described by observers as one of the best economic success stories in recent times. From the year 1979 to 2013, the real Gross Domestic Product (GDP) grew at a yearly rate of about 10%.
Approximately five hundred million people in China have emerged out of abject poverty (Hsiao, 2009). China has grown to be a major economic power globally. China is the largest merchandise exporter, manufacturer, and holder of reserves of foreign exchange in the world. China is the second-largest economy following the United States, and some analysts forecast that it would grow to be the largest economy in the next five years or thereabout. Nevertheless, on per capita evaluation China is evidently less developed as compared to the United States.
Many studies have not clearly demonstrated the impact of the rise of China in the Asia Pacific region and the world.
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