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Seminar paper from the year 2010 in the subject Economics - International Economic Relations, grade: B, University of Kent, language: English, abstract: The rise of China as main world power promises to experiment the established global order in the upcoming decades. As the powers develop, it is definite to change the present international system with profound implications for itself, the United States, and the world. The synchronised rise of China symbolises a geopolitical event of historic quantities. Rarely has the global system beheld the re-emergence of one major power state that owns large populations, has ancient and storied histories, spatially and politically, and rules the geographic environs within which it is located. The recent revitalization of China is due to its large measure to its industrious integration into the profuse economic order built and sustained by American domination in the post war period. Because of that integration, China has witnessed intense stages of trade and industry progression in latest times (Borensztein & Reinhart 1994).