US hegemony is coming to an end, strategically and economically

mozu‏
@mozumozumozu

China's One Belt, One Road to challenge US-led order by Hugh White　

While President Xi prepares to welcome the world to Beijing to promote a plan to export low-income jobs in industries like steel-making to other countries, and shift Chinese workers into higher-income ones, President Donald Trump is launching a plan to lock out imports of steel so as to revive America's steel industry. He wants to put US workers back into the jobs that Beijing wants to move Chinese workers out of.

The contrast could not be starker. America wants to shrink its role in the global economy and cling to old industries, while China wants to expand its global role and move its economy into new ones. No prizes for guessing which of these visions is more likely to succeed.


But those leaders are wrong to imagine that they can stop that happening just by staying away. They have to offer an alternative. If America and its allies are really determined to resist China's challenge to the old US-led liberal global order, they have to counter Beijing's powerful vision of a future global economy centred on China. And to do that they need an equally powerful and ambitious global economic vision of their own.

Hugh White氏は、しっかりと世界秩序の変化を捉えているね。

しかし、もしかすると、すでに潮目は変わったのかもしれないね。