Word: americanize
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...American faith in the transformative power of China's economic rise might be misplaced. Capitalism with Chinese characteristics places far more power and wealth in the hands of the state sector than what has ever occurred in countries such as Japan and South Korea. Beijing is nurturing state-owned champions to dominate domestic markets and crowd out the private sector in order for the Chinese Communist Party (CCP) to keep its economic relevance, privileged status in Chinese society and hands on the country's wealth. This means the CCP does not believe sweeping economic, much less political, liberalization is required...
...largest economy in the world for 18 of the past 20 centuries. For a country that views its natural place at the center of Asia, expectations that it behave as a responsible stakeholder merely perpetuate a regional hierarchy that places China beneath the (relatively) recent American interloper...
...Washington seeks the perpetuation of Pax Americana, a liberal peace underwritten by American power in Asia, despite the re-emergence of the world's most populous country. The U.S. wants the endgame in China to resemble the rest of East Asia - genuinely believing that this will ultimately achieve lasting stability and mutual prosperity - and complains that China remains an insular, self-interested and subversive beneficiary of the system. (Read "Five Things the U.S. Can Learn from China...
...leaders since Mao Zedong have termed China's return to "dignity," a reference to the country's re-emergence as a great power in Asia. But even though other Asian states welcome economic opportunities offered by China's rise, the vast majority prefer the preservation of Pax Americana. The American-backed order has hitherto offered protection for smaller players by binding more powerful states (including the U.S. itself) to agreed rules of behavior and processes of dispute resolution...
...does Time do this? This is ostensibly an international magazine yet, when asked to provide a Winter Olympics preview, you focus almost exclusively on participants from the U.S. Of the few you chose, eight were American. While this is hardly representative of those athletes expected to win gold in Vancouver, it is indeed representative of how preoccupied Americans are with themselves. Matthew Shepherd Brisbane, Australia...