Publication

This paper examines the evolving global economic leadership roles of the US and China as the latter continues to grow. The main arguments of the author include that 1) the rise of China's economy means that Beijing and Washington must share a role, although not necessarily an equal one, in shaping global economic rules; 2) despite this, the US is struggling to accommodate China's desire for a greater say in the way the global economy is run; and 3) unless the US shares economic governance with China, Washington will undermine its own economic leadership and have a negative impact on global economic management. The author concludes by suggesting that more needs to be done, by the US and others, to integrate China into the existing rules-based international economic order.