| Author (Person) | Jaeger, Markus |
|---|---|
| Publisher | German Council on Foreign Relations (DGAP) |
| Series Title | DGAP Policy Briefs |
| Series Details | Number 13 |
| Publication Date | May 2022 |
| Content Type | Research Paper |
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Summary: Without a sound economic foundation, political and military ambitions cannot be sustained. This also applies to the geopolitical competition between the United States and its rivals. So far, America and its allies are economically ahead of Russia and China. But where Russia’s long-term outlook is weak, China’s economic might is rapidly increasing. Despite the war in Ukraine, Washington will have to focus its resources on Asia. In Europe, Germany, with its large financial and economic base, should lead on military spending and enhanced security. |
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| Source Link |
Link to Main Source
https://dgap.org/en/research/publications/economics-great-power-competition
Alternative sources
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| Subject Categories | Economic and Financial Affairs, Security and Defence |
| Subject Tags | Economic Governance | Situation |
| Countries / Regions | China, Germany, Russia, United States |
