The Myth of Western Decline
In recent years, China has capitalized on the G7’s diminishing share of global GDP to proclaim the superiority of its one-party system over what it perceives as “decadent” liberal democracies. But China’s own actions show that the West still commands significant influence in shaping world affairs.
LONDON – The recent G7 summit in Hiroshima culminated in an impressive show of unity over the war in Ukraine and China’s expansionism. But are analysts and commentators right to cite the group’s declining share of global GDP as evidence of its dwindling power and influence?