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Fragmenting World Geo-Economic Order: Making Sense of the Escalating United States-China Economic Tension

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  • Olusegun Obasun

    (Smart Access Holdings Limited, Abuja, FCT, Nigeria)

Abstract

The unipolar dominance of the US after the Cold War era is fading as China’s economic and military rise reshapes the global order. This complex rivalry extends beyond economics, encompassing technological competition, with both countries vying for leadership in artificial intelligence, quantum computing, and 5G technology. Geopolitical tensions fueled by issues like Taiwan and the South China Sea further strain the relationship. The ongoing trade disputes and potential decoupling of economies could harm global growth and prosperity, increase the risk of military conflict, and fragment the global order.

Suggested Citation

  • Olusegun Obasun, 2024. "Fragmenting World Geo-Economic Order: Making Sense of the Escalating United States-China Economic Tension," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 8(7), pages 2783-2808, July.
    • Handle: RePEc:bcp:journl:v:8:y:2024:i:7:p:2783-2808
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    References listed on IDEAS

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    1. Jong-Wha Lee & Ju Hyun Pyun, 2016. "Does Trade Integration Contribute to Peace?," Review of Development Economics, Wiley Blackwell, vol. 20(1), pages 327-344, February.
    2. Kyle Handley & Nuno Limão, 2018. "Policy Uncertainty, Trade, and Welfare: Theory and Evidence for China and the United States," World Scientific Book Chapters, in: Policy Externalities and International Trade Agreements, chapter 5, pages 123-175, World Scientific Publishing Co. Pte. Ltd..
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