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VIII. Geopolitical and Economic Competitive Relations

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Chapter Summary

This chapter describes the complicated nexus of cooperation, competition, and conflict between the most powerful industrial societies. Analysing US power helps to specify and clarify 'Empire discourse'. The desire for a 'US empire' is challenged by the reality of 'imperialism', that is, the geopolitical power rivalries within the state system and the instability of the world economy. An example of the difference between the imperial aspirations of US world order politics and their actual implementation is the battle to control the world's oil resources. The competition among the US, China, and Russia over influence and spheres of influence along the 'Eurasian Continental Rim' at times has become fierce. Over the course of the historical phase of 'New World Order' after 1989, transatlantic relations have been transformed. Based on new findings from research on China and political economy approaches, the chapter analyses China as a variant of late (state-) capitalist development.

Keywords: China; economic competitive relation; geopolitical conflict; imperialism; Russia; state capitalism; transatlantic relation; US power élite; world order politics



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