Superpower
Definition of Superpower
In order to be a super power, a nation should be compatible to United States of America, which is the world's super power after World War II. America has been on this position from a long span of time and is a dominant state that has the ability to project power on the worldwide scale. Due to the strong hold of USA, it was assumed by many that no growing nation can replace America and take its place as a superpower.
The perception of the people however has changed in recent decades and since past forty years; The People's Republic of China (PRC) has started emerging as a nation that is ascending towards the superpower status. According to a recent poll conducted by CNN, 58% of the Americans are looking at China as an economic superpower and a threat to the United States (Shim, 2012). There are many economical, political and military reasons behind this rapid ascent along with the China's stable and large population that have encouraged experts to predict that soon China will leave behind America and become a new superpower in next few years.
In this era of recession when most of the America's economy is facing downfall; the large American corporations are investing billions of dollars in China. Moreover, many factories and businesses have settled in China that would have started in America, contributing towards the development and employment. Due to these activities, China's foreign direct investment (FDI) is continuously increasing. According to the LI & FUNG Research Centre, the foreign direct investment of China rose by 17.4% in 2010, which a high record of U.S.$105.7 billion (Chin and Chenug, 2011). The reports further claimed that around half of this amount was invested...
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