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Economics
Jul 13, 2026
Because analysts tend to put the United States at the center of the global economic story, they have overlooked the single most important force of the past 50 years. But it will be obvious to later generations that Chinese mercantilism has been more globally consequential than any other economic shock or policy choice.
Source:
www.project-syndicate.org
WASHINGTON, DC—In the long sweep of history, China’s economic performance over the past 50 years will obviously stand out for the sheer scale and pace of quality-of-life improvements within that country. But China’s impact on the rest of the world has still been underappreciated.