- Created: Thursday, 07 May 2009 11:32
- Written by Trevor Rayne
For all but the last two centuries of the past 2,000 years China has possessed the world’s biggest economy. The Mongol Khan’s once ruled an empire stretching from the Pacific to the Danube. Today, with a total population of 3.3 billion people, the countries of east and south Asia (excluding Japan) have more than three times as many people as the developed capitalist countries. With China as the world’s fastest growing economy, there are many who see the locus of world power shifting in the coming period from the US and Europe to China and Asia. Hence, Martin Jacques:
‘The growing conflict between an extant America and a rising China will become the dominant fault line of global politics’ (The Guardian, 18 June 2005).
To support his argument Jacques cites China’s economy, ‘immeasurably stronger than the Soviet Union’s ever was…economic strength is the key precondition for global power and influence’, and China’s integration into the global economy, unlike the Soviet Union. FRFI 188 examined China’s transition from the socialist to the capitalist road of development. Here Trevor Rayne explores the Sino-Soviet dispute and its consequences.