Rising Powers and Global Governance: Changes and Challenges by Shahid Javed Burki

By Shahid Javed Burki

This booklet reinforces the necessity to comprehend the resources of world switch that's happening and to house it on the planet political, social, and fiscal structures. Linking the U.S., China, India, and Russia in addition to Europe and the center East, the writer addresses demographics, overseas exchange, expertise, and weather swap as worldwide demanding situations that require cooperation so one can be solved. either lecturers and policymakers can be enlightened, studying methods of addressing worldwide swap by way of operating jointly instead of via confrontation.

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This will be among the most important electoral contests in the country’s history. In 2015–2016, America stands at a threshold; how it crosses it will determine the role it will play in the world. There are a number of issues to be resolved. Once the dust thrown up by the elections of November 2016 settles, as a new president moves into the White House and a new Congress takes office, America will have to decide what kind of space it wishes to occupy in a world that is going through unprecedented change.

Second, China must find a new economic model in order to maintain even the lower rate of growth. The old approach of relying on manufactures for export to Western markets will not work, both because domestic wages have increased significantly and because the markets in the West, due to demographic changes, will not have continuously increasing demand like they did in previous decades. The switch to domestic investment as the engine of growth has also run its course, leaving a large number of local governments and many public sector banks with debt burdens they can’t afford to service.

Aggressively confronting China, a country that has made enormous and unprecedented progress, should not be regarded as an option, either. There is also the problem of dealing with the rise of Islamic extremism, a subject I deal with at some length in Chap. 8. In that matter President Obama has adopted the right approach: to advise those who are fighting against it but not to send American soldiers into battle. NOTES 1. Ta-Nehisi Coates, Between the World and Me, New York: Spiegel and Grau, 2015.

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