scholarly journals Limitations of Military Power to Counter a Rising China

2021 ◽  
Vol 6 (2) ◽  
Author(s):  
Brendan M. Potter
Keyword(s):  
2020 ◽  
Vol 20 (3) ◽  
pp. 209-215
Author(s):  
Hyun-Seok Song ◽  
Min-Ho Son ◽  
Sung-Ju Yoo ◽  
Do-Hyun Jung ◽  
Boo-Hee Park

Author(s):  
Mauricio Drelichman ◽  
Hans-Joachim Voth

This epilogue argues that Castile was solvent throughout Philip II's reign. A complex web of contractual obligations designed to ensure repayment governed the relationship between the king and his bankers. The same contracts allowed great flexibility for both the Crown and bankers when liquidity was tight. The risk of potential defaults was not a surprise; their likelihood was priced into the loan contracts. As a consequence, virtually every banking family turned a profit over the long term, while the king benefited from their services to run the largest empire that had yet existed. The epilogue then looks at the economic history version of Spain's Black Legend. The economic history version of the Black Legend emerged from a combination of two narratives: a rich historical tradition analyzing the decline of Spain as an economic and military power from the seventeenth century onward, combined with new institutional analysis highlighting the unconstrained power of the monarch.


2007 ◽  
Author(s):  
David A. Kummings
Keyword(s):  

Author(s):  
Jonathan Holslag

The chapter argues that India has a strong interest to balance China and that the two Asian giants will not be able grow together without conflict. However, India will not be able to balance China’s rise. The chapter argues that India remains stuck between nonalignment and nonperformance. On the one hand, it resists the prospect of a new coalition that balances China from the maritime fringes of Eurasia, especially if that coalition is led by the United States. On the other hand, it has failed to strengthen its own capabilities. Its military power lags behind China’s, its efforts to reach out to both East and Central Asia have ended in disappointment, and its economic reforms have gone nowhere. As a result of that economic underachievement, India finds itself also torn between emotional nationalism and paralyzing political fragmentation, which, in turn, will further complicate its role as a regional power.


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