Good points, but I would argue that there is a vast difference between being raised out of extreme poverty and being "prosperous". Also, be careful with top line income stats for the US and Europe, they just don't reflect conditions on the ground.
As for peaceful, Glashow's reference to a Pax Japanica implies that, at least within its economically-annexed countries, there would be genuine peace over and above what he observed in 1987. Since the establishing event didn't happen, I guess it doesn't make sense to analyze the effects...but I'll grant you that for several years between 1987 and now, the international rhetoric among nations with large standing armies has cooled.
But this isn't the Golden Age of anything, certainly not Japan.
Regarding the OP, China has nothing to do with any of it. Their assertions of economic influence in Africa and South America are just a shift in patron and beneficiaries from the old world order. Great for some countries (at least in the short term), less so for others.
As for peaceful, Glashow's reference to a Pax Japanica implies that, at least within its economically-annexed countries, there would be genuine peace over and above what he observed in 1987. Since the establishing event didn't happen, I guess it doesn't make sense to analyze the effects...but I'll grant you that for several years between 1987 and now, the international rhetoric among nations with large standing armies has cooled.
But this isn't the Golden Age of anything, certainly not Japan.
Regarding the OP, China has nothing to do with any of it. Their assertions of economic influence in Africa and South America are just a shift in patron and beneficiaries from the old world order. Great for some countries (at least in the short term), less so for others.