From Developmental to Entrepreneurial
Chapter 3: From peaceful rise to soft power: the manufacturing of attractiveness
The theoretical notion of hegemonic stability needs substantial improvement given that the current hegemon – the US – is increasingly less able to facilitate many functions that were taken for granted for decades. With the approach of a more interdependent and diversified global environment, international affairs are perhaps less suitable to be carried out by a single dominant power. The peaceful rise of China within the arena of foreign policy culminated with the unique nature of Chinese economic and social changes. However, these factors do not necessarily coincide with the established power relations in the East Asian region. China’s cultural past therefore has become more useful and increasingly will be exploited more extensively, as long as it fits the political dynamics and economic changes in East Asia.
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