Which Country Will Be the World Economic Leader in the Next Generation: The United States or China? And the North Korean Factor

A growing body of literature indicates that the balance of power may shift from the West to the East as China rises and the United States declines. This article revaluates the role of the US in the global economy against the rise of China as a global power. There is a change in the world. The way that international business expresses itself is changing, but the central role of globalization is as important as it has been in the past.