Chinas neue Rolle im globalen Kapitalismus

Abstract

The article provides a general overview on the current debate on the rise of China in global capitalism. In this discussion, a distinction between two theoretical currents can be made: On the one hand, most world-systems analysts assume that US power already is on the wane, while China is becoming a super power. On the other hand, some critical IPE scholars such as Leo Panitch argue that there is a continuity of US hegemony. Both arguments are tested on the basis of empirical data on China’s development and China’s power in global political economy. Also, the article discusses whether China’s potential rise may lead to violent conflicts. It is concluded that even though China might ascend to the status of being the primary economic power in the near future, structural power in global capitalism could continue to favor the West for a long period of time.