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China-US Struggle for Global Hegemony: Its Implications on the Africa’s Economy; Nigeria in View

China-US Struggle for Global Hegemony: Its Implications on the Africa’s Economy; Nigeria in View

Azubuike Francis Callistus

Department of Political Science

Nnamdi Azikiwe University, Awka, Anambra State-Nigeria

cf.azubuike@unizik.edu.ng

Ezeanya Emeka Vincent

Department of Political Science

Nnamdi Azikiwe University, Awka, Anambra State-Nigeria

ev.ezeanya@unizik.edu.ng

Abstract

There is a great competition and struggle for supremacy of who controls the international affairs in the emerging New World Order going on among the advanced countries of the world. This struggle is more intense among United States of America, China and Russia. This global struggle for dominance between China and America has affected the global economy with special reference to Africa in general and Nigeria in particular. In the course of the study we found out that the United States has implemented trade policies aimed at reducing its trade deficit with China and curbing China’s economic rise. China, in turn, has sought to increase its economic and political influence globally, particularly through its Belt and Road Initiative. Also, that the struggle has implications for both developed and developing countries. Developed countries have to deal with the rise of China and other emerging powers which threatens their established positions. Developing countries, in Africa, and Nigeria in particular resorted to scouting for relationships with emerging powers such as China for socio-political and economic advantages, but this comes with risks such as debt dependency and political instability. Data used was gathered from documented evidence, descriptive and qualitative data analysis was employed. The study adopted power theory of Laswell and Kaplan, H.J. Morgenthau, etc as a theoretical guide. The work recommended among other things, promotion of multilateralism, encourage economic cooperation, strengthen governance institutions, investment in education and human capital development as a way Africa can cushion the fall-out of the China-Us global struggle for dominance. 

Keywords: Hegemony, New World Order, African Economy, Global Dominance. China, United States of America, Nigeria

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