Question

Which among the following statement(s) do you think supports the argument that the US remains the sole superpower post the disintegration of Soviet Union in 1991?

• A. It continues to wield the most superior military capabilities on the Earth.
• B. The US economy is the largest in the world.
• C. The Chinese economy has grown at an impressive rate and thus, China is called the emerging superpower.
• D. The American economy remains the bedrock of the global financial system.

Answer 1

Answer: (A), (B), (D)

The American economy remains the bedrock of the global financial system.

Despite the impressive growth rate of the Chinese economy in the past decade, the political and economic influence of America's military and economic might remains significant. The United States economy is the largest in the world. According to sources, its per capita GDP is one of the highest in the world. In contrast, the size of the Chinese economy is only one-fifth of that of US. America continues to yield a great deal of soft power. It provides the greatest amount of international aid. The US has the largest naval fleet in the world and the spends the most on its defense budget in absolute terms. The American economy remains the bedrock of the global financial system. Though China has been dubbed by many as the emerging global superpower, the United States of America is the world’s foremost economic and military power.