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Economist Survey on China

March 31st, 2007 · No Comments

The Economist writes:

A more potent story that is only just starting to be articulated is that China is going out to the world. Indeed, China is risingsome say has already risento become the newest great power. Do not yet think of it as a global one. Even if commercial and diplomatic tentacles stretch increasingly round the world, the main site of China’s power, for decades to come, will be in its Asian backyard.

In a forthcoming book about China, David Lampton of the School of Advanced International Studies at Johns Hopkins University argues that nations define and achieve their goals using three means: coercion, material inducement or intellectual motivation. Put more bluntly, that means guns, money and ideas. How China blends the three, and how the rest of the world perceives the process, will more than anything shape the future course of Asia and beyond.

Tags: Emerging Markets