IS #7 - #7 16:02 ChinaCaseStudy MaoZedong DanjXiaoping...

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International Studies 101 #7 16:02 Ed Friedman Guest Lecturer China Case Study Mao Zedong China stagnated economically while under Mao’s rule Danj Xiaoping  Started economic reform policies and has such reached the #2 economic power in the  world and is on their way to #1. Nixon, DeGaulle Europe should have good relations with China and Nixon was impressed by France’s  stance on this. Bretton Woods System Backed by the power of the dollar which was becoming undermined in 1971.  Once the  US went off the gold standard the system didn’t work quite as well.  One of the  successes of the system was that the US was no longer the single world superpower.   Pentagonal World China, US, Russia OPEC Price spikes Why did China reach out to the US? Soviet Union was creating a lot of pressure on China’s border China was thought of as a challenge by the Soviet Union
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