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Will China Replace the USA as the World’s Leading Power

Author

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  • Weede Erich

    (Emeritus, Seminar für Soziologie, Universität Bonn, Bonn, Germany)

Abstract

Whether America or China wins this competition depends on the avoidance of major policy failures. In China, the major challenge is that the regime must not forget the productivity of economic freedom and the benefits of decentralized decision-making. In America, the challenge currently is that the government must not forget the benefits of free trade and the value of foreign alliances.

Suggested Citation

  • Weede Erich, 2025. "Will China Replace the USA as the World’s Leading Power," The Economists' Voice, De Gruyter, vol. 22(2), pages 305-310.
    • Handle: RePEc:bpj:evoice:v:22:y:2025:i:2:p:305-310:n:1014
    DOI: 10.1515/ev-2025-2002
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    Keywords

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    JEL classification:

    • B53 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Austrian
    • F10 - International Economics - - Trade - - - General
    • F34 - International Economics - - International Finance - - - International Lending and Debt Problems
    • F50 - International Economics - - International Relations, National Security, and International Political Economy - - - General
    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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