ABSTRACT
The era of the American undisputable dominance in the world system seems to have come to its end, although it will probably take a long time before the United States is replaced by any other hegemon in the international system. This systemic change is reflected in both political science and international relations as more and more scholars focus on Asia especially the People's Republic of China. They try to analyze theory and practice of modern China's foreign policy in order to present possible scenarios and future roles that it could play in the system. The United States' military potential is still much bigger than that of China, but the Chinese keep on strengthening their political and economic influence worldwide with special reference to Asia and Africa. No doubt all experts seem to realize that. Yet the question is what about the European Union? Does the EU have anything to say as far as global competition between China and the United States in concerned? Is Europe doomed to failure?
