International Relations Essay Example | Topics and Well Written Essays - 500 words - 9

International Relations - Essay eventWhereas some of these developed countries confirm benefitted from chinas economic variation, certain developed world economies have verbalized concern about chinas rapid economic growth. The mar0ket liberalization has been the cause of dissimilitude among the developed economies that read malice from Chinas rapid advancements in terms transitions within the economic paradigms.One of the most interested parties in the case of Chinas advancing economic major power is the United States of America. Realistically, the rate at which China is developing its economy is a threat to U.S. its economic transition is non good for the country. For instance, according to Pew Research Center, the last one year has seen Chinas economy grow at the rate of 7% compared to the U.S dwindling 2-3% growth. Secondly, most of the developing countries have expressed strong desires to work with China as their major trading partner. They have opened their markets for chinas goods and services. This wave of the East economy is affecting the U.S, previously considered the economic powerhouse (Goldstein et al, 465).The Pew Research focalize also indicated that many Americans have registered their dissatisfaction with the way Chinas economic rise and its provides to affect the U.S economy. The Obama administration for instance, filed a complaint against china for subsidizing the exports of the automotive alongside undercutting the American suppliers (Goldstein et al. 467). During the heated campaigns of the U.S 2012 elections, Mitt Romney took a soli9d stand against Chin, promising to label China A currency manipulator and impose high tariffs on Chinas goods to the U.S. While this would mean that Chinas market in the U.S would be reduced, the prospects would be that it top executive not stop China from making more transitions even though U.S provides its largest markets. The mercantilist approach may not work effectively