A Case of China’s Economic Power
A case study provides the opportunity to delve deeper into the perceived advantage that China wields over the United States in monetary power. By analyzing a real world case of Chinese monetary power, this research aims to answer the questions: when is economic coercive action in the Chinese-United States relationship likely to succeed, and why aren’t there more instances in which China tries to make use of its theoretical leverage. Over the course of the case studies, deeper analysis presents a more complex and complicated picture of the broader and more definitive areas of leverage presented in the analysis of economic realities. This suggests that theoretical advantage, while supported by economic figures, can often be hard to capitalize on in reality. In the case of China’s monetary power, this research makes use of “the most likely case” of economic coercive action (Eckstein, 1975). As such, this research aims to take a case of Chinese utilization of economic power that has a high likelihood of success and explore how successful it was in reality as well as what were the circumstances of its failure or success. This falls short of an all-out attempt to disprove the theoretical advantage, as is often
