Location
Global Economic and Legal Challenges
Level of Education
Undergraduate
Keywords
China, Economy, International Relations
Abstract
The People’s Republic of China (PRC) has been establishing an edge over its competitors through its long-term strategic rise to power. The process of pursuing avenues for soft power and economic influence allows China to increase its presence in the global economy. The Belt and Road Initiative is an example of China’s economic development. This plan targets new trade routes and grows the economic reach of China through providing loans to underdeveloped regions. The process of investing in infrastructure around the world and providing financing leads to these countries becoming tied to China on an economic level. The competition between the West and China has implications for global trade and economics as China seeks to expand its global influence through asymmetrical means. This paper examines several of the PRC’s economic initiatives and the following impact projected to have on the United States and the international community.
Included in
The Global Reach of China’s Economy
Global Economic and Legal Challenges
The People’s Republic of China (PRC) has been establishing an edge over its competitors through its long-term strategic rise to power. The process of pursuing avenues for soft power and economic influence allows China to increase its presence in the global economy. The Belt and Road Initiative is an example of China’s economic development. This plan targets new trade routes and grows the economic reach of China through providing loans to underdeveloped regions. The process of investing in infrastructure around the world and providing financing leads to these countries becoming tied to China on an economic level. The competition between the West and China has implications for global trade and economics as China seeks to expand its global influence through asymmetrical means. This paper examines several of the PRC’s economic initiatives and the following impact projected to have on the United States and the international community.
