Is China a realistic alternative to the United States as a global hegemonic leader
America is the world’s hegemonic power. However, with the rise of China as the world’s largest economy, and second strongest militaryr, the hegemonic leadership of America is increasingly questioned. But is China a realistic alternative to the United States as a global hegemonic leader? In answering this coursework question, the essay will discuss the concept of hegemony in International Political Economy, looking at the many sources of hegemonic power held by the United States such as dollar supremacy, US cultural power, US military power and many others. The author will examine how resilient these sources of power are especially in the context of an emerging China ambitious to become a realistic alternative to America as a global hegemonic leader. In doing this, the author will look at arguments in favour of why China in the long run is a realistic alternative and even threat to US hegemonic power and the contextual factors necessary for this to occur such as full adoption of capitalism, ascendance of the Yuan and many others that as examined in the following chapters.
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