Despite its interactions with other countries in the economy market, China’ s law infringes on the geopolitical stability; as the country has used its growing power to sell missiles and other weapons of massive destruction to rogue states. This view assumes that China’ s authoritarian regime is not just a threat to the economy of the western world but also a greater risk to world peace as well. These aspects are also based on the historical observation that with the rise of new power conflicts and geo-stability emerge too; making it futile for the underdeveloped Chinese legal system to sustain the growth.
Accordingly, the US and other allies now prepare for the uncertain future as China continues to grow, with the hope that developed China would change and embrace the spirit of peaceful democracy. This view contrasts the critical view mentioned above as it perceives China as a paradigm for the states that are still developing. Supporters of this view link it to the 21st-century technology that is boosting the unprecedented growth across East Asia. This pillar has a six-pillar basis, but not all who support this view agree with all the six.
The first pillar supporting this view reports that the Chinese government has adopted a pragmatic reforms approach; which implies that they resisted the foreign experts approach and now pursue a more gradual approach to market reforms. Instead of blindly following in the IMF footsteps China has adopted more basic principles of the economy that match their current state; this is an exemplary example that many other countries in the world can emulate. Joseph Stiglitz, the Nobel-prize winner even went ahead and praised China for this noble and measured approach. Similarly, China has decided to change its rule of law by developing a variant option that enhances its compatibility with the current government and other contingent circumstances.
They have instead shied away from the liberal rule of democracy found in Euro-America to more cultural norms and institutional development strategies (Peerenboom, 2007).
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