Published in International Journal of Management,
IJM, Volume 2, Issue 2 (2015) e-ISSN: 1694-2299 | p-ISSN: 1694-240X
The relationship between military might and world dominance has been analyzed and deliberated upon for some time now. We have witnessed Superpowers fighting it out in the battlefield to prove their dominance. But it goes beyond the obvious. The real battles have been to corner the natural resources, which, in turn, help the owner of these resources dominate world trade. They would go to any extent to control the resources, whether through war or those strategic tie-ups. Through this piece, I present various possible scenarios from the perspective of world leader United States and emerging leader China that could unfold in future. This is the scenario of World Dominance. These are a set of scenarios on how China would compete with the rest, to dominate the world trade. To build the scenarios, I consider the GDP, the GDP at Purchasing Power Parity, the consumption in domestic markets, manufacturing wages, the challenges that China and United States face now and in the near future, and how China holds an advantage over others to dominate through trade.