Articles

In the wake of the global financial crisis of 2008, China began to move away from the market-based approach that had shaped its economic policies for three decades, and toward something that might be termed "party-state capitalism," which involves a high degree of CC control over strategic sectors of the economy. This has led to significant changes in the U.S.-Chinese economic relationship, as both sides have made efforts to secure supply chains, screen inward and outward capital flows, diminish the power of global firms, and reorganize alliances to protect against economic coercion.

U.S. power extends beyond the military and economic spheres to include policing. The United States has used its global policing power to capture terrorists, warlords, and drug kingpins. But extradition is not simply a bureaucratic tool. States’ geopolitical interests shape their willingness to cooperate with others in extraditing fugitives. 

When the U.S. military trains other states’ forces, it tries to impart liberal norms such as respect for human rights. But when liberal norms clash, these soldiers prioritize loyalty to their unit, the military, and shared goals.

During war, states trade two types of products with their enemies. To maximize revenues, states continue to trade products that are essential to the domestic economy or that their adversary takes a long time to convert into militarily capabilities.

Rather than debating whether China is challenging a single, U.S.-dominated liberal order, scholars and analysts should consider China’s actions in relation to multiple orders in different domains, where China is supportive of some, unsupportive of others, and partially supportive of still others.