August 9, 2012
Why China's Rise May Have Already Peaked
Minxin Pei, The Diplomat
If dating the rise and decline of great powers is tricky, pinpointing the peaking of a rising power is almost hopeless. One obvious problem is the measurement of power. Shall we look at the size of a country's economy or its level of wealth? Should we also consider the momentum and sustainability of its growth? Is its external environment a legitimate variable to include in calculating its power since any country's power is relative to that of its potential adversaries?