Restructuring the World Economic Order
Constant Struggle for Economic Leadership or Influence
American leadership of the world economic order has been slipping. The veteran U.S. boxer has lost control of the ring and the momentum of the match. In some ways, the United States has been pursuing a rope-a-dope economic strategy, absorbing body blows from managed capitalism and waiting for the Chinese challenger to tire and succumb to U.S. rules of free-market capitalism. But this rope-a-dope approach has not worked. The Chinese pugilist has not tired. Instead, it has built up strength. And it has become emboldened to flex its geoeconomic muscle. ...