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GDP Growth
Increase in economic output
Hegemonic Decline
Loss of dominance by leading power
Modernization Theory
Economic growth leads to democracy
Chinese Modernization
Growth without democratization
U.S.-China Relations
Strategic and economic interaction
Protectionist Policies (U.S. vs Japan example)
Policies to protect domestic economy
Industrial Growth
Expansion of manufacturing sector
Economic Competition
Rivalry between major economies
Global Power Shift
Movement toward multipolar system