Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (6419)	5/15/2004 10:14:32 PM
From: TraderC	Respond to of 116555

China: Global citizen or growing menace? yomiuri.co.jp Francis Fukuyama Special to The Yomiuri Shimbun The foreign policies of the United States and China have been moving in opposite directions over the past three years. Since the advent of the administration of U.S. President George W. Bush and the Sept. 11, 2001, attacks, the United States has moved assertively to use its military power in a "war on terrorism," toppling regimes in Afghanistan and Iraq and seeking to democratize the broader Middle East. In doing this with relatively little concern for the reaction of friends and competitors, Washington has mobilized substantial opposition to itself and has made anti-Americanism a dominant feature of international politics. China's foreign policy has moved in a different and, in many ways, opposite direction. China appears to be acutely aware of the potential threat that its rapidly growing economic power presents to the rest of Asia and the wider world, and has mounted a very sophisticated diplomatic campaign to defuse the inevitable backlash from its trading partners and rivals. It has done this in a variety of ways, from building bilateral ties to promoting institutions for regional cooperation to taking a much more active and responsible role in multilateral organizations like the United Nations. The U.S. effort to project its power around the world has been self-defeating in many ways, overextending U.S. forces in a prolonged war in Iraq and provoking substantial hostility not just in the Arab world but in western Europe as well. The Chinese strategy has been much more subtle, but in the long run may serve to increase Chinese influence throughout the world.