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The United States has especially been a dominant economic figure in the international arena, controlling trade, investment, tariffs, offshoring, etc. That hegemonic status of the United States in now being challenged, as one would expect due to the explained nature of the system. The surprise is by whom it is being challenged. One of, if not the most, looming figure who has stepped up to challenge the U.S. is the state of China. China has become an economic power house in the world today as it has evolved rapidly despite the fact it remains to be undeveloped nation. The fact is that China may be a on the rise into a position where they may join the ranks of a world leader...
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