CHINA: THE RISE OF A SUPERPOWER.
The global dominance will shift from West to East. In this year 2014, China is ranked by the IMF (International Monetary Fund) the first economic power in the world. The USA was the world leader in economy for over decades until the recent economic turmoil which deeply impacted the USA clout over the world. As result it is declining. According to a CIA report, USA will remain the strongest military force in the world. Are we on the edge of a new economic order? Will Chinese dominance last as long as USA? What is the outcome for the world? Since the era of Mao, China has set the path to its economic development through its social and economic revolution. The regime has made choices that paid: - The extensive use of the human capital (China has the largest human capital in the world with a population of over 1 billion people) - A heavy industrialization of the economy (China opened its market to foreign industries) - The extensive use of new technologi...