![]() ![]() Russia–formerly, the Soviet Union–is the traditional U.S. The first three also have headquarters in Washington DC or in New York. All those institutions–the United Nations, the IMF, the World Bank, the World Trade Organisation and others–have been shaped by it. Will they be able to stay in charge as they had done, now that a country from outside the rich club has risen to the fore? That question is posed especially for the U.S. This has worried the small group of countries that dominates the world’s key institutions, because quantitative changes can also bring about qualitative shifts. Since then, that share has doubled every decade and China will likely account for 18% in 2021. ![]() In 1990, China accounted for just 2% of the world GDP. policymakers from think tanks and lobby groups. Congress, adding to a steady stream of material directed at U.S. Every year, many hundreds of pages on this topic are published for the U.S. looks upon China as the biggest threat to its global interests. ![]() China risingĬhina was once seen mainly as an important supplier of cheap goods and a valuable dynamo for the world economy. They also map the relative importance of other countries and throw new light on a major geopolitical issue today: the rise of China. is far more prominent in the hierarchy than suggested by a simple measure of economic size, such as GDP. Five dimensions of international power can be used to gauge the status of countries. Many are not, especially those that are linked into the system that envelops the world economy. Some of these ways are obvious, for example, using military power to force another country to submit. The concentration of global power is extreme, and it rests upon the different ways a country can have influence over how the world works. Or take the G7, a U.S.-led political forum of rich countries that has, well, seven members. There are just five permanent members of the United Nations Security Council, the ones who can cast vetoes on important UN decisions. ![]() Few countries can exert much power in the rest of the world. ![]()
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