BANGLADESH INSTITUTE OF INTERNATIONAL AND STRATEGIC STUDIES


CHINA AND THE BALANCE OF POWER IN ASIA

Author: Nahida Rahman Shumona

DOI Link: https://www.doi.org/10.56888/BIISSj2001v22n4a4

ABSTRACT

The classical theory of realism and the neo-classical theory of structural adjustment are not adequate to understand and explain the emerging multipolar balance of power. Globalisation of economy, technology and diffusion of power have made economic and other soft sources of power more important. Nation states are closer than ever. Rational efforts and social aspects of international system i.e., international law, mediation and balancing of interests tend to emerge as key factors in the balance of power politics. Consequently, the 'power equilibrium' could better be understood and explained by the neo-Grotian approach of balance of power. It has been argued that despite having a booming economy and increasing military strength, China will not. emerge as a hegemon. China will be a key player and the interconnecting core of the emerging multipolar balance of power in Asia. Asian power 'equilibrium' lends to be based on parity of capabilities of the leading states without the intention of dominating each other.