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6 May 2022

The West Should Stay Focused on Geoeconomic Rivalry With China

Peter S. Rashish

As China leveraged its state capitalist model to become a global superpower, it increasingly challenged the market-oriented basis of the liberal economic order founded by the United States and its allies 75 years ago. When this competition between the Chinese and Western economic systems gained steam in the 2010s, the main battlefield of international relations also began to shift from the classical realm of security to the normally “civilian” fields of trade, investment, technology and finance—in other words, from geopolitics to geoeconomics.

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