American Economic hegemony – under threat or unsurpassable? : A statistical analysis of American Economic Hegemony and the potential threat of China in the international economic order.

Sammanfattning: This essay focusses on the area of hegemonic studies in global politics, framing the discussion between the rise of China and the positioning of the united States. The purpose of this study is to show that China does not threaten the economic hegemony of the US due to the pivotal role the US Dollar holds in the global economy. A statistical analysis is undertaken with reference to contemporary theory to explain how declining rates of US Dollars in currency reserves are not a symptom of a power shift in Global Politics but simply an effect of fluctuations in global trade, as well as using Susan Strange's concept of structural power to show how America holds hegemony over international finance and the economy.