How Washington Should Respond To China’S Economic Challenge
A Partnership of Equals: How Washington Should Respond to China’s Economic Challenge
by C. Fred Bergsten, Peterson Institute for International Economics
Article in Foreign Affairs
July 2008
This article is adapted from the forthcoming book China's Rise: Challenges and Opportunities.
To be an economic superpower, a country must be sufficiently large, dynamic, and globally integrated to have a major impact on the world economy. Three political entities currently qualify: the United States, the European Union, and China. Inducing China to become a responsible pillar of the global economic system (as the other two are) will be one of the great challenges of coming decades—particularly since at the moment China seems uninterested in playing such a role.
China has a profound interest in seeing that the international rules and institutions function effectively.
The United States remains the world's largest national economy, the issuer of its key currency, and in most......
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Approximate Word Count: 4584
Approximate Pages: 19 (250 words per double-spaced page)
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