Posted by: bklunk | February 11, 2007

Welcome to the Club?

Perhaps the biggest question of international relations is whether China will grow in power as a “normal” state what operates within institutions like the WTO or whether it will try to play by its own rules.

Complaints

Newsvine’s article G-7 Presses China on Yuan Flexibility discusses the conclusions made be a recent meeting of G-7. The G-7 group consisted of Britain, Canada, France, Germany, Italy, Japan, and the United States; and the major conclusion of their meeting was that China must lessen its control over its currency and allow for “market forces” to influence it value. As it stands now China is able to manipulate the value it currency, the Yuan, in a number of different ways, most notable of these methods is the purchasing of US dollars. G-7 feels that China’s continued practice is not good for global growth and that there must a balance of growth. It seems that whenever China makes a new trade agreement or is doing well there are always a group or a council or summit meeting that attempts to curve it gain or stop it altogether. From the articles that I have read it seems that China is growing into the world class superpower and the world, well the west, doesn’t want that to happen.

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Responses

  1. It does appear that China is advancing their status on the world stage and could be approaching superpower status. Although they have a bad rep when it comes to human rights issues and their lack of cooperation in certain international affairs, they have reached the point where their opinion cannot be ignored by the rest of the world. Although we may not agree with their system of government, their economic growth is substantial and ranks behind only the United States when comparing GDPs. In any case, China is a force to be reckoned with, and the United States will have to accept the unacceptable: another country could be as strong as we are.


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