‘No possibility of US-China Cold War’ September 1, 2014, 7:40 pm article_image - Pic by Sujatha Jayaratne By Maheesha Mudugamuwa In the wake of the United States and China economically integrating more strongly than ever, the United States Air Force War College in Alabama, International Security Studies Department, Associate Professor Amit Gupta sees no possibility of a new Cold War between the countries. Gupta was delivering a public lecture on the topic, ‘New Tripolarity: US, China and India’, at the Lakshman Kadirgamar Institute for International Relations and Strategic Studies (LKIIRSS), organized by the LKIIRSS and the Regional Centre for Strategic Studies (RCSS) recently. According to Prof. Gupta, by 2030 the three largest economies in the world would be China, the United States and India. He said the global economy would change to create bipolarity by 2030, with China set to overtake the U.S. as the world’s number one economy, while India would jumped into third place ahead of Japan. Prof. Gupta predicted that the global GDP share of China would increase to 28 percent, from 17 percent in 2011, while the US’global GDP share would decrease to 18 from 23 percent. India would also increase its share from 7 to 11 percent by 2030. He further stated that the Chinese top trade partners in 2010 were the US, with USD 385.3 billion, Japan 297.8, Hongkong 230.6, South Korea 207.2 and Taiwan 1.45.4 billion. Only 15 percent of Chinese manufactured goods were shoes, textile etc and rest were high tech related, he noted. Citing statistics, he stressed that Chinese universities had grown to 23 in 2010 from 9 in 2003 and China was in first place in terms of its number of foreign students in US. In 2002, it was around 63,211, but in 2013 it had increased to 235,597. Further, he highlighted China’s economic interdependence with its 65 million diaspora who were economically diverse, specially in US, Philippine, Malaysia and Indonesia. Explaining US-India relations further, Prof Gupta said that though military and government-to-government relations had faded during the last few years, still there were strong relations between the countries due to the Bangalore silicon valley, Indian students in US universities and the Indian diaspora.
Posted on: Tue, 02 Sep 2014 01:06:42 +0000
Trending Topics
Recently Viewed Topics
© 2015