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Essay / Interdependence in China - 1222
Moreover, economic interdependence promotes peaceful trade between countries because it is beneficial and avoids war at all costs. For example, “China's economy is fully integrated into this global economy of complex interdependence,” so it would be suicidal for China to start a war (Wong, The Rise of Great Powers, November 18). China trades freely with the Association of Southeast Asian Nations (ASEAN) and has developed a profitable relationship that has led to a trade surplus (Kaplan, p. 3). As a result, the outbreak of conflicts with ASEAN will threaten the Chinese economy as it will have a considerable impact on free trade and lead to lower profits. The possibility of war between China and the United States is remote because China prefers to benefit from resources such as security, technology and market that the United States offers (Wong, The Rise of Great Powers, 18 november). Even if economic power shifts to China, the United States provides security because it has always been the dominant hegemon; therefore, its economy is better and more powerful (Green, p. 34). It is obvious that China's economy is growing rapidly, but it still has no interest in becoming the leader of hegemony and therefore does not challenge the United States. That being said, countries choose to avoid conflict with the United States or its trading partners because it would negatively impact their markets and investments. in decline, this can create conflicts. During World War I, war broke out between England, a declining dominant hegemony, and Germany, a disgruntled and rising challenger (Wong, The Rise of Great Powers, November 18). However, war will not start between China and...... middle of paper ......lict. Neighboring countries will want to maximize their own revenues and to do so they will set their own prices for goods and services. In conclusion, economic integration and economic globalization help reduce the likelihood of interstate belligerence because war negatively impacts markets and investments. , reconstruction after World War II helps build stronger economies, and finally, countries prefer to focus on specialization rather than war. Furthermore, economic integration and economic globalization contribute to the growth and expansion of the economy. These points show that wars and conflicts are decreasing because economically integrated countries prefer free trade without any restrictions. As a result, markets increase as countries have more access to trade, leading to increased globalization, while war would endanger countries' economies..