The China-U.S. Trade War and Future Economic Relations

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Author :
Publisher : The Chinese University Press
ISBN 13 : 9882371124
Total Pages : 216 pages
Book Rating : 4.8/5 (823 download)

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Book Synopsis The China-U.S. Trade War and Future Economic Relations by : Lawrence J. Lau

Download or read book The China-U.S. Trade War and Future Economic Relations written by Lawrence J. Lau and published by The Chinese University Press. This book was released on 2018-12-14 with total page 216 pages. Available in PDF, EPUB and Kindle. Book excerpt: The relation between China and the United States is arguably the most important bilateral relation in the world today. The U.S. and China are respectively the largest and the second largest economies in the world. They are also respectively the largest and the second largest trading nations in the world as well as each other’s most important trading partner. If China and the U.S. work together as partners towards a common goal, many things are possible. However, there exist significant friction and potential conflict in their economic relations. The large and persistent U.S.-China bilateral trade deficit is one of the problems. It is essential to know the true state of the China-U.S. trade balance before effective solutions can be devised to narrow the trade surplus or deficit. The impacts and potential impacts of the 2018 trade war between China and the U.S. on the two economies are analysed and discussed. The longterm forces that underlie the economic relations between the two countries beyond the 2018 trade war are examined. In this connection, how a “new type of major-power relation” between the two countries can help to keep the competition friendly and avert a war between them is explored. ~~~~~~~~ Lawrence J. Lau’s timely The China-U.S. Trade War and Future Economic Relations is full of careful analysis, penetrating insight and helpful suggestions from the world’s preeminent economist on this relationship. —Michael J. Boskin Tully M. Friedman Professor of Economics, Stanford University Former Chair, U.S. President’s Council of Economic Advisers This sober and systematic study of U.S.-China trade relations and of technological development in the two countries is particularly timely. Lawrence Lau is one of the world’s foremost economists working on these issues. —Dwight H. Perkins Harold Hitchings Burbank Professor of Political Economy, Emeritus Former Chair, Department of Economics, Harvard University This is a timely and penetrating analysis of the China-U.S. trade and economic relations, from its origins to its impacts and to a way forward. —Yingyi Qian Chairman of the Council, Westlake University Former Dean, School of Economics and Management, Tsinghua University Counsellor of the State Council, People’s Republic of China Lawrence Lau’s book on the current U.S.-China trade war is insightful, balanced and comprehensive; rich in data on trade, investment, science and technology. It is essential reading for anyone who wants to get past the headlines. —A. Michael Spence Nobel Laureate in Economic Sciences (2001) Senior Fellow, The Hoover Institution, Stanford University Lawrence Lau brings light in the form of rigorous honest fact-based economic analysis to a subject where most of the discussion has been heated bluster, false claims, and political rhetoric. —Lawrence H. Summers Former U.S. Secretary of the Treasury; Former President, Harvard University There is no topic more important, or more timely, or more urgent, than the China-U.S. trade war. Professor Lau is the ideal person to write about the implications of the China-U.S. trade war and the proposed resolution. —Tung Chee-Hwa Vice-Chairman, Chinese People’s Political Consultative Conference National Committee Chairman, China-U.S. Exchange Foundation The history of Sino-American relations, to a great extent, has been a shared history. Lawrence Lau’s timely and penetrating study will tell us it is still in best interest for both countries if they continue to pursue a shared journey and destination instead of parting ways. —Xu Guoqi Kerry Group Professor in Globalization History, The University of Hong Kong Author of Chinese and Americans: A Shared History This beautifully composed book uses nontechnical language to unravel the intricacies of the 2018 U.S.-China trade war, together with its long-term impact. I learned a lot from reading it. —Chen-Ning Yang Nobel Laureate in Physics (1957)

US-China Economic Relations

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Author :
Publisher : Peterson Institute for International Economics
ISBN 13 : 0881327395
Total Pages : pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis US-China Economic Relations by : Ha Jiming

Download or read book US-China Economic Relations written by Ha Jiming and published by Peterson Institute for International Economics. This book was released on 2019-04-25 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Outright trade war between the world’s two largest economies would be devastating to the working people of both countries, as well as destructive to the future of the entire world economy. The costs of conflict between China and the United States far outweigh the current causes of dispute in their economic relationship. These costs would be both direct, in terms of short-term losses of growth and employment, and indirect, in terms of long-term damage to the world trading system, diminishing investment and efficiency. There are points of genuine dispute between the United States and China over their economic interaction. Even if their economic significance is often exaggerated, these are legitimate points of contention and have to be addressed in a constructive manner. The analyses in this volume aim to contribute to a more reality-based consideration of both countries’ enlightened self-interests, which would yield progress on points of dispute in a manner consistent with keeping the world economy open for business.

China, Trade and Power: Why the West’s Economic Engagement Has Failed

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Author :
Publisher : London Publishing Partnership
ISBN 13 : 1907994823
Total Pages : 175 pages
Book Rating : 4.9/5 (79 download)

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Book Synopsis China, Trade and Power: Why the West’s Economic Engagement Has Failed by : Stewart Paterson

Download or read book China, Trade and Power: Why the West’s Economic Engagement Has Failed written by Stewart Paterson and published by London Publishing Partnership. This book was released on 2018-10-18 with total page 175 pages. Available in PDF, EPUB and Kindle. Book excerpt: From a Western point of view, the policy of economic engagement with China has failed. A rapid rise in living standards in China has helped legitimize and strengthen the Chinese Communist Party’s power. How did Western, market-orientated, property-owning, liberal democracies go from being in a position of complete global hegemony in the early 1990s to the current crisis of confidence and loss of moral foundation? This book tells the story of the most successful trading nation of the early twenty-first century. It looks at how the Communist Party of China has retained and cemented its monopoly on political power since China’s accession to the World Trade Organization in December 2001. It is the most extraordinary economic success story of our time and it has reshaped the geopolitics not just of Asia but of the world. As China has come to dominate global manufacturing, its economic power has been translated into political power, and the West now has a global rival that is politically antithetical to liberal values. The supply-side deflation from allowing 750 million low-cost workers into the global trading system combined with the policy of inflation targeting by Western central banks has led to falling real incomes for many in the West and rising asset prices that have benefited the few. Worse still, China’s mercantilist model is now held up as a viable economic alternative. To have a fighting chance of protecting the freedoms of liberal democracies, it is of the utmost importance that we understand how the policy of indulgent engagement with China has affected Western society in recent years. Only then can the global trading system be reoriented for the mutual benefit of all nations.

After Engagement

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Author :
Publisher : Brookings Institution Press
ISBN 13 : 0815738366
Total Pages : 390 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis After Engagement by : Jacques deLisle

Download or read book After Engagement written by Jacques deLisle and published by Brookings Institution Press. This book was released on 2021-04-20 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: " From cooperation to a new cold war: is this the future for today's two great powers? U.S. policy toward China is at an inflection point. For more than a generation, since the 1970s, a near-consensus view in the United States supported engagement with China, with the aim of integrating China into the U.S.-led international order. By the latter part of the 2010s, that consensus had collapsed as a much more powerful and increasingly assertive China was seen as a strategic rival to theUnited States. How the two countries tackle issues affecting the most important bilateral relationship in the world will significantly shape overall international relations for years to come. In this timely book, leading scholars of U.S.-China relations and China's foreign policy address recent changes in American assessments of China's capabilities and intentions and consider potential risks to international security, the significance of a shifting international distribution of power, problems of misperception, and the risk of conflicts. China's military modernization, its advancing technology, and its Belt and Road Initiative, as well as regional concerns, such as the South China Sea disputes, relations with Japan, and tensions on the Korean Peninsula, receive special focus. "

Schism

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Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 1928096867
Total Pages : 248 pages
Book Rating : 4.9/5 (28 download)

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Book Synopsis Schism by : Paul Blustein

Download or read book Schism written by Paul Blustein and published by McGill-Queen's Press - MQUP. This book was released on 2019-09-10 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.

US–China Foreign Relations

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Author :
Publisher : Routledge
ISBN 13 : 1000204693
Total Pages : 180 pages
Book Rating : 4.0/5 (2 download)

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Book Synopsis US–China Foreign Relations by : Robert S. Ross

Download or read book US–China Foreign Relations written by Robert S. Ross and published by Routledge. This book was released on 2020-10-15 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the power transition between the US and China, and the implications for Europe and Asia in a new era of uncertainty. The volume addresses the impact that the rise of China has on the United States, Europe, transatlantic relations, and East Asia. China is seeking to use its enhanced power position to promote new ambitions; the United States is adjusting to a new superpower rivalry; and the power shift from the West to the East is resulting in a more peripheral role for Europe in world affairs. Featuring essays by prominent Chinese and international experts, the book examines the US–China rivalry, the changing international system, grand strategies and geopolitics, foreign policy, geo-economics and institutions, and military and technological developments. The chapters examine how strategic, security, and military considerations in this triangular relationship are gradually undermining trade and economics, reversing the era of globalization, and contributing to the breakdown of the US-led liberal order and institutions that will be difficult to rebuild. The volume also examines whether the adversarial antagonism in US–China relations, the tension in transatlantic ties, and the increasing rivalry in Europe–China relations are primarily resulting from leaders’ ambitions or structural power shifts. This book will be of much interest to students of Asian security, US foreign policy, European politics, and International Relations in general.

China, The United States, and the Future of Latin America

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Author :
Publisher : NYU Press
ISBN 13 : 1479890332
Total Pages : 430 pages
Book Rating : 4.4/5 (798 download)

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Book Synopsis China, The United States, and the Future of Latin America by : David B. H. Denoon

Download or read book China, The United States, and the Future of Latin America written by David B. H. Denoon and published by NYU Press. This book was released on 2017-10-24 with total page 430 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides insight into U.S. and Chinese involvement in aid, trade, direct investment and strategic ties in Latin America In recent years, China has become the largest trading partner for more than half the countries in Latin America, and demonstrated major commitments in aid and direct investment in various parts of the region. China has also made a number of strategic commitments to countries like Nicaragua, Cuba, and Venezuela which have long-standing policies opposing U.S. influence in the region. China, the United States, and the Future of Latin America posits that this activity is a direct challenge to the role of the U.S. in Latin America and the Caribbean. Part of a three-volume series analyzing U.S.-China relations in parts of the world where neither country is dominant, this volume analyzes the interactions between the U.S., China, and Latin America. The book series has so far considered the differences in operating styles between China and the U.S. in Central Asia and Southeast Asia. This third volume unpacks the implications of competing U.S. and Chinese interests in countries such as Brazil and Argentina, and China’s commitments in Nicaragua and Venezuela. This volume draws upon a variety of policy experts, focusing on the viewpoints of South American and Caribbean scholars as well as scholars from outside states. China’s new global reach and its ambitions, as well as the U.S. response, are analyzed in detail.A nuanced examination of current complexities and future implications, China, the United States and the Future of Latin America provides readers with varied perspectives on the changing economic and strategic picture in Latin America and the Caribbean.

The Implications of China-Taiwan Economic Liberalization

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Author :
Publisher : Peterson Institute
ISBN 13 : 0881325015
Total Pages : 217 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis The Implications of China-Taiwan Economic Liberalization by : Daniel H. Rosen

Download or read book The Implications of China-Taiwan Economic Liberalization written by Daniel H. Rosen and published by Peterson Institute. This book was released on 2011 with total page 217 pages. Available in PDF, EPUB and Kindle. Book excerpt: China and Taiwan have built one of the most intertwined and important economic relationships in the world, and yet that relationship is not mutually open, compliant with World Trade Organization norms, or even fully institutionalized. What's more, despite massive trade and investment flows, the boundary between the two is a serious flashpoint for potential conflict. But leaders in Beijing and Taipei have committed to normalize and deepen their economic intercourse and open a new post-Cold War era in their relationship. While the political significance of this gambit has captured attention worldwide, the scope of opening intended and the bilateral, regional, and global effects likely to ensue are as yet poorly understood. This volume attempts to remedy that uncertainty with careful modeling combined with a qualitative assessment of the implications of the cross-strait economic opening now agreed in an Economic Cooperation Framework Agreement (ECFA). The study explores the implications for Taiwan and China, for their neighbors, and for the United States if this undertaking is fully implemented by 2020.

The China Paradox

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Author :
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 1501507273
Total Pages : 252 pages
Book Rating : 4.5/5 (15 download)

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Book Synopsis The China Paradox by : Paul G. Clifford

Download or read book The China Paradox written by Paul G. Clifford and published by Walter de Gruyter GmbH & Co KG. This book was released on 2017-10-23 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Featured as Book of the Week by The Wire China in August 2020! If your business has anything to do with China or you simply seek to understand the rise of China, you need to read this book. In The China Paradox, business strategist and historian Dr. Paul G. Clifford uses vivid examples from his deep experience in China to lay bare the delicate and fragile balance of forces which lie at the heart of China’s success. He explains how, against all the odds, the ruling Communist Party boldly led the economic reforms as the surest way to preserve their grip on power. This flourishing of China’s hybrid developmental model is placed firmly in the historical context, shedding light on the legacies that thwarted earlier attempts at change and which today still threaten to render the progress unsustainable. China is taking its place on the world economic stage, displaying business acumen and innovation. But China’s un-reformed political governance, coupled with the challenges resulting from breakneck growth, may hamper the nation’s ability to realize its potential and impact its longer-term prospects. This book is for anyone who needs to understand how China competes, anyone with business or other affairs in China, and anyone involved in foreign trade will benefit from this book. Click to read the author's article on Open Democracy: https://www.opendemocracy.net/en/oureconomy/the-us-should-not-demonize-huawei-it-should-invest-to-compete/ Click here to see a related article in the South China Morning Post: http://www.scmp.com/news/china/policies-politics/article/2134180/reform-or-no-reform-authors-clash-over-chinas-way

Sino-Latin American Economic and Trade Relations

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Author :
Publisher : Springer
ISBN 13 : 9811334056
Total Pages : 191 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Sino-Latin American Economic and Trade Relations by : Yu Chai

Download or read book Sino-Latin American Economic and Trade Relations written by Yu Chai and published by Springer. This book was released on 2019-01-16 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first English book on the economic relations between China and Latin America written by Chinese scholars. The authors are all from the Institute of Latin American Studies, Chinese Academy of Social Sciences — China’s premier think tank. By combining empirical techniques and political-economic analysis, it investigates the history of and the outlook for China-Latin America relations. It offers readers insights into the Chinese perspective and an evaluation of the development of the relations between the two parties.

ASEAN-China Economic Relations

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Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9812304223
Total Pages : 390 pages
Book Rating : 4.8/5 (123 download)

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Book Synopsis ASEAN-China Economic Relations by : Saw Swee-Hock

Download or read book ASEAN-China Economic Relations written by Saw Swee-Hock and published by Institute of Southeast Asian Studies. This book was released on 2007 with total page 390 pages. Available in PDF, EPUB and Kindle. Book excerpt: Examines the rapidly expanding economic relations between ASEAN and China in recent years, covering trade, investments, economic challenges, competition and opportunities in the various sectors of the two economies.

Normalization of U.S.-China Relations

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Author :
Publisher : Harvard University Press
ISBN 13 :
Total Pages : 424 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis Normalization of U.S.-China Relations by : William C. Kirby

Download or read book Normalization of U.S.-China Relations written by William C. Kirby and published by Harvard University Press. This book was released on 2005 with total page 424 pages. Available in PDF, EPUB and Kindle. Book excerpt: Relations between China and the United States have been of central importance to both countries over the past half century. Offers the first multinational, multi archival review of the history of Chinese-American conflict and cooperation in the 1970s.

The State Strikes Back

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Publisher : Peterson Institute for International Economics
ISBN 13 : 0881327387
Total Pages : 251 pages
Book Rating : 4.8/5 (813 download)

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Book Synopsis The State Strikes Back by : Nicholas R. Lardy

Download or read book The State Strikes Back written by Nicholas R. Lardy and published by Peterson Institute for International Economics. This book was released on 2019-01-01 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: China's extraordinarily rapid economic growth since 1978, driven by market-oriented reforms, has set world records and continued unabated, despite predictions of an inevitable slowdown. In The State Strikes Back: The End of Economic Reform in China?, renowned China scholar Nicholas R. Lardy argues that China's future growth prospects could be equally bright but are shadowed by the specter of resurgent state dominance, which has begun to diminish the vital role of the market and private firms in China's economy. Lardy's book arrives in timely fashion as a sequel to his pathbreaking Markets over Mao: The Rise of Private Business in China, published by PIIE in 2014. This book mobilizes new data to trace how President Xi Jinping has consistently championed state-owned or controlled enterprises, encouraging local political leaders and financial institutions to prop up ailing, underperforming companies that are a drag on China's potential. As with his previous book, Lardy's perspective departs from conventional wisdom, especially in its contention that China could achieve a high growth rate for the next two decades—if it reverses course and returns to the path of market-oriented reforms.

The World Turned Upside Down

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Publisher : Yale University Press
ISBN 13 : 0300256345
Total Pages : 343 pages
Book Rating : 4.3/5 (2 download)

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Book Synopsis The World Turned Upside Down by : Clyde Prestowitz

Download or read book The World Turned Upside Down written by Clyde Prestowitz and published by Yale University Press. This book was released on 2020-12-07 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: An authority on Asia and globalization identifies the challenges China’s growing power poses and how it must be confrontedWhen China joined the World Trade Organization in 2001, most experts expected the WTO rules and procedures would liberalize China and make it “a responsible stakeholder in the liberal world order.” But the experts made the wrong bet. China today is liberalizing neither economically nor politically but, if anything, becoming more authoritarian and mercantilist.In this book, notably free of partisan posturing and inflammatory rhetoric, renowned globalization and Asia expert Clyde Prestowitz describes the key challenges posed by China and the strategies America and the Free World must adopt to meet them. He argues that these must be more sophisticated and more comprehensive than a narrowly targeted trade war. Rather, he urges strategies that the U.S. and its allies can use unilaterally without contravening international or domestic law.

How Trade with China Threatens Western Institutions

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Author :
Publisher : Springer Nature
ISBN 13 : 3030747093
Total Pages : 293 pages
Book Rating : 4.0/5 (37 download)

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Book Synopsis How Trade with China Threatens Western Institutions by : Robert Gmeiner

Download or read book How Trade with China Threatens Western Institutions written by Robert Gmeiner and published by Springer Nature. This book was released on 2021-07-12 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book evaluates the institutional environments of China and the United States, and the West more broadly, and how they affect their trading relationship, with specific emphasis on intellectual property theft and other allegations of unfair competition. The economic and political characteristics of the two countries affect the balance of power in their trading relationship, with ramifications far beyond jobs and output. The major theme is China’s ability to free ride on Western institutions through intellectual property theft and extortion. This free riding is far more than just infringing patents and reaping profits; it creates a combination of incentives for political pressures in the West that diminish the free market and liberal Western values. The result is the classic result of free riding – underprovision, or degeneration, of the Western institutions that made the West prosperous and free. At the same time, China’s economic might, military prowess, and global soft power increase, often with deleterious effects for freedom and free markets. This book is distinctive because it integrates public choice ideas about economic institutions, state action, and strategic behavior into international trade. It also takes account of the economic characteristics of China and the West and explains why they present a situation that is fundamentally different from other trade disputes. Institutions and political influence are central to this book’s analysis of trade, which can be more dangerous and more disguised than the welfare gains from trade. Providing a concise and lucid distillation of pressing issues, this book is critical reading for scholars studying trade with China and its effects on both global and Western innovation, economic output, soft power, and freedom more broadly.

China's Gilded Age

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108802389
Total Pages : 275 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis China's Gilded Age by : Yuen Yuen Ang

Download or read book China's Gilded Age written by Yuen Yuen Ang and published by Cambridge University Press. This book was released on 2020-05-28 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why has China grown so fast for so long despite vast corruption? In China's Gilded Age, Yuen Yuen Ang maintains that all corruption is harmful, but not all types of corruption hurt growth. Ang unbundles corruption into four varieties: petty theft, grand theft, speed money, and access money. While the first three types impede growth, access money - elite exchanges of power and profit - cuts both ways: it stimulates investment and growth but produces serious risks for the economy and political system. Since market opening, corruption in China has evolved toward access money. Using a range of data sources, the author explains the evolution of Chinese corruption, how it differs from the West and other developing countries, and how Xi's anti-corruption campaign could affect growth and governance. In this formidable yet accessible book, Ang challenges one-dimensional measures of corruption. By unbundling the problem and adopting a comparative-historical lens, she reveals that the rise of capitalism was not accompanied by the eradication of corruption, but rather by its evolution from thuggery and theft to access money. In doing so, she changes the way we think about corruption and capitalism, not only in China but around the world.

Advancing Singapore-China Economic Relations

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Author :
Publisher : Institute of Southeast Asian Studies
ISBN 13 : 9814519197
Total Pages : 330 pages
Book Rating : 4.8/5 (145 download)

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Book Synopsis Advancing Singapore-China Economic Relations by : Saw Swee-Hock

Download or read book Advancing Singapore-China Economic Relations written by Saw Swee-Hock and published by Institute of Southeast Asian Studies. This book was released on 2014-01-28 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a detailed account of the development of strong and substantive economic relations that existed between Singapore and China since the time when the two countries established diplomatic ties in October 1990. The chapters provide a comprehensive discussion of the main areas of cooperation, such as the institutional framework for pursuing economic links, the Suzhou Industrial Park, the Sino-Singapore Tianjin Eco-City, investments, trade, finance, tourism and education. The economic opportunities and challenges in these economic sectors in the two countries are examined in the context of the profound political and social changes taking place in mainland China and the globalization of the world economy. The book will be invaluable to policy-makers, academics and students specializing in Chinese studies, as well as businessmen and the general public interested in seeking a greater understanding of the complex economic relations between the two nations.