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ISBN: 9781773634890-02

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At the Summit of Global Capitalism

Accommodation, Rivalry, or Confrontation between the US and China


From: The Socialist Register 2022


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).



Walden Bello

Walden Bello is currently the International Adjunct Professor of Sociology at the State University of New York at Binghamton and Co-Chairperson of the Bangkok-based research and advocacy institute Focus on the Global South.