When we talk about the status of superpowers many people might think that there is only enough place in the world for one. The reality of course is that as we take a look at geopolitical lines, we see that many other countries may push forward to the top as potential new powers. While the current hegemony of the American powers and culture remains strong the reality of course is that they are not the only massive player on the market. This becomes increasingly visible when we take a look at certain industries that have become essential to the current economy of the world. It might not surprise you to learn that China has become one of the biggest and most critical players when it comes to global hardware especially when it comes to electronics. So, let’s take a look at what prompted this change and this boost when it comes to China’s presence on the global chess board.
The elevation and specialization of the Chinese worker
When we talk about China there is one fact that is undisputable, and that fact of course is that China over the past 100 years has managed to defeat extreme poverty within its provinces this is a massive part of why China is such a massive player currently on the many industries boards when we talk about worldwide economy. The fact is that as we see industries rely more and more on specialized workers, especially in fields related to tech and hardware like the production of chips for electronic devices. By raising most of their population out of poverty they have given them a lot more opportunities when it comes to both entering the workplace but also entering the education system which allows them to become more trained and better-specialized workers which better their output in the industry. The fact is that China knew this would be the outcome and invested accordingly in both their education and the elevation of their people out of poverty.
Trade relationships
There is a lot of talk about the poor relationship between America and China but of course, China has not built its economic reliance on America on purpose. This is why when we talk about the Chinese economy and their trade relationships there is a lot of overlap with the growing economies of the global South. In fact, over the past few years, we’ve seen China offer and create bonds through great trade deals with both Latin American countries as well as African countries. Generally, historically when we talk about Latin America, they have a very poor relationship with America which has pushed them too often to chase American interests out of their countries for the sake of more beneficial trade deals with China. This allows China of course to have access to very important minerals which are used to create tools and other hardware which are essential for the rising electric vehicle industry.
Chinese exports and sanctions
If you look at China from a Western perspective there are a lot of points against the potential rise of the array economy when it comes to their relationship with both America and Western countries at large. For example, recently Canada has been pushing forward sanctions and tariffs when it comes to Chinese exports which pushes China to stay away from the North American markets. The reality though is that even though Canada and the United States have been trying to impose terrorists and sanctions, their relationship with Europe is very much not as adversarial. Even though Europe and the members of the European Union in general are directly opposed to China politically the reality of course is that if you go to Europe, you will see a lot of Chinese electric vehicles on the roads. So, it’s no surprise that China has been thriving considering that they have both markets in the global South as well as Europe including Russia.
Talking about China and its rise as a critical player in the global hardware market it is obvious that it is not the only industry and market, they are currently rising in. While the prospect might be a worry for many American economic interests the reality is that more competition means more competitive prices for general people who interact with said markets. If we see more possibilities when it comes to purchasing electronic devices that we require for daily life like an electric car this means that we might be able to get more affordable vehicles in the future.
