AN EMPRICAL CRITIQUE OF THE NOTION “POWER SHIFT” FROM THE US,-LED WEST TO THE CHINA-LED EAST
Journal Title: Journal of the Human and Social Science Researches - Year 2013, Vol 2, Issue 4
Abstract
The primary aim of this article is to demystify the notion of a hegemonic shift from the US-led West to the China-led East in an economic sense. In this regard, this study presents an emprical critique of the power-shift hypothesis in the light of a range of economic indicators as comparison criteria of global economic leadership. In parallel with this purpose, this study suggests that the way in which China has integrated into the global economy has brought her high rates of economic growth and increasing amount of inward foreing direct investment (FDI) flows, but, despite its growing economic scale, China still lags behind the US in genuine economic terms such as the capability in knowledge- and technology-based production, the global share in high added value production, the level of global competitiveness, and leading position in science and technology.
Authors and Affiliations
Muhammed Kürşad ÖZEKİN*| University of Cambridge, Centre of Development Studies PHD Student. kursad_ozekin@hotmail.com
Keywords
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