Daniel Drezner has an interesting post arguing that tales of U.S. decline and China’s ascent are wildly exaggerated. The post contains lots of interesting analysis but this quote from Michael Beckley’s new article (see here for Andrew Sullivan’s analysis) in International Security had me scratching my head:
The widespread misperception that China is catching up to the United States stems from a number of analytical flaws, the most common of which is the tendency to draw conclusions about the U.S.-China power balance from data that compare China only to its former self. For example, many studies note that the growth rates of China’s per capita income, value added in high technology industries, and military spending exceed those of the United States and then conclude that China is catching up. This focus on growth rates, however, obscures China’s decline relative to the United States in all of these categories. China’s growth rates are high because its starting point was low. China is rising, but it is not catching up.