Student number: s2919337
Question being answered: Does the rise of china and India pose a threat to the American power
Tutor name: Daniel Ringuet
Since the early stages of the 1940 America has risen to power and stayed in power. To date America is considered the only true world super power. In the past the Roman Empire, Greek and Egyptian were all very dominating but even then there were challenging dynasty so they can’t be called a ‘super power’. In today’s society the world has two more economies forcing their way to the top, these two economies are China’s and India’s. The question being answered in this essay is: ‘does the rise of developing countries like China and India pose a serious challenge to US power?’ I …show more content…
It is globalization that has caused these two countries to grow and evolve so rapidly. Globalization is defined by business dictionary.com as: “the worldwide movement towards economic growth, financial, trade and communications integration”. Globalization has helped china dramatically because globalisation stimulates an export-driven high GDP by exploiting China’s comparative advantage in cheap labour, even though this isn’t necessary good exploiting cheap labour for a surplus, at the end of the day it is what will continue to give countries like China and India a comparative advantage over other countries.
India is slowly becoming better known for their soft power improvements in the last few decades in particular the last few decades just recently India donated 1.5 billion dollars to the foreign aid sector. Since the turn of the century India has grown by more then three times in donating to foreign assistance. Not only this but India has also vowed to create their own aid agency and which will include building an administrative structure, the ‘Development Partnership Administration’. Unfortunately things haven’t always been as prosperous for India’s economy, during 1922-1955 India received 55 billion dollars in foreign aid, given this was during the cold war era when India was facing some of it’s toughest times with phenomenal poverty rates, India was pretty much dependent on foreign aid from over seas countries for about 30