At the Summit of Global Capitalism
Accommodation, Rivalry, or Confrontation between the US and China
Walden Bello examines the growing rivalry between the US and China from the perspective of Southeast Asia and the Philippines. Bello provides a judicious assessment of the growing polarizations and contradictions in the inter-state system as the phase of US unilateral power gives way to a much more variegated world order as part of ‘China’s push for global political and ideological leadership’. The chapter follows China’s rise to the top rank of global capitalism by focusing on the evolution of China’s relationship with US capital, China’s relations with the global South, and the much-discussed Belt and Road Initiative (BRI).