This thesis focuses on the implications of the economic rise of the People’s Republic of China, giving special emphasis to the consequences of the process of liberalization of the nation’s economy...Show moreThis thesis focuses on the implications of the economic rise of the People’s Republic of China, giving special emphasis to the consequences of the process of liberalization of the nation’s economy had on the geopolitical realignment of the international political system. Furthermore, this thesis concentrates on the economic reforms that resulted in the opening of the economy of the People’s Republic of China since 1980s. Particular attention will be paid to the way in which this process of economic liberalization coincided with a fundamental reordering of the global economy. This work examines the implications of China’s economic prosperity on the Global South from the standpoint of the constant commercial links between Beijing and the Developing World. This realignment of the world economy has a significant impact on the process of globalisation, due to the fact that it brings about a situation in which the Global South is able to depend on itself for its sustained economic growth. In addition to this, the commercial links between Beijing and the Developing World allows the Global South to bypass the neoliberal principles that the Western financial institutions such as the International Monetary Fund (IMF) and the World Bank attempt to impose on them. This thesis postulates that the implications of the economic reforms implemented by China facilitated the realignment of the foundations of the global economic order. Moreover, this thesis also focuses on the different scenarios that could be brought forward due to the economic rise of China, including a possible revisionist quest in the geopolitical order, due to the increased importance of groupings such as BRICS. At the same time, this work will also deal with the ways in which the People’s Republic of China positions itself as a reliable partner in the global economic order in order to ensure its long-term growth.Show less
