Geopolitical Economy Report This is why China is gaining global influence, while USA loses it
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Nov 22, 2024 The discussion highlights China's ascendance as the world's largest economy and a top manufacturer, while the U.S. struggles to offer viable alternatives for global development. China's non-interventionist foreign policy and substantial investments, like the Belt and Road Initiative, stand in stark contrast to U.S. tactics that often involve tariffs and privatization. The podcast examines China's influence in Latin America, particularly in Peru, showcasing projects like the Chancay mega-port, and how the U.S. reacts to these developments with threats and outdated offerings.
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China's Non-Interventionist Approach
- China's growing global influence stems from its non-interventionist foreign policy and economic strength.
- Unlike the U.S., China hasn't engaged in war since 1979 and refrains from interfering in other nations' internal affairs.
China's Economic Power
- China's economic prowess contributes to its global influence.
- It became the world's largest economy (by PPP) in 2016 and is the top trading partner for over 120 countries.
U.S. Interventionism vs. China's Approach in Latin America
- The U.S. has a history of interventionism in Latin America, including invasions and coups.
- This contrasts with China's non-interventionist approach, making China an attractive partner for Latin American countries.