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.

Trade Policy Review

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Publisher :
ISBN 13 :
Total Pages : 186 pages
Book Rating : 4.3/5 (21 download)

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Book Synopsis Trade Policy Review by :

Download or read book Trade Policy Review written by and published by . This book was released on 2021 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

China and the WTO

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Author :
Publisher : Princeton University Press
ISBN 13 : 0691206597
Total Pages : 262 pages
Book Rating : 4.6/5 (912 download)

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Book Synopsis China and the WTO by : Petros C. Mavroidis

Download or read book China and the WTO written by Petros C. Mavroidis and published by Princeton University Press. This book was released on 2021-01-05 with total page 262 pages. Available in PDF, EPUB and Kindle. Book excerpt: "China's accession to the World Trade Organisation (WTO) in 2001 was hailed as the natural conclusion of a long march that started with the reforms introduced by Deng Xiaoping in the 1970s. However, China's participation in the WTO since joining has been anything but smooth, and its self-proclaimed "socialist market economy" system has alienated many of its global trading partners - as recent tensions with the United States exemplify. Prevailing diplomatic attitudes tend to focus on two diametrically opposing approaches to dealing with the emerging problems: the first is to demand that China completely overhaul its economic regime; the second is to stay idle and accept that the WTO must accommodate different economic regimes, no matter how idiosyncratic and incompatible. In this book, Mavroidis and Sapir propose a third approach. They point out that, while the WTO (as well as its predecessor, the General Agreement on Tariffs and Trade [GATT]) has previously managed the accession of socialist countries or of big trading nations, it has never before dealt with a country as large or as powerful as China. Therefore, in order to simultaneously uphold its core principles and accommodate China's unique geopolitical position, the authors argue that the WTO needs to translate some of its implicit legal understanding into explicit treaty language. Focusing on two core complaints - that Chinese state-owned enterprises (SOEs) benefit from unfair trade advantages, and that domestic companies (both private as well as SOEs) impose forced technology transfer on foreign companies as a condition for accessing the Chinese market - they lay out their specific proposals for successful legislative amendment"--.

Clashing Over Commerce

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Author :
Publisher : University of Chicago Press
ISBN 13 : 022639901X
Total Pages : 873 pages
Book Rating : 4.2/5 (263 download)

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Book Synopsis Clashing Over Commerce by : Douglas A. Irwin

Download or read book Clashing Over Commerce written by Douglas A. Irwin and published by University of Chicago Press. This book was released on 2017-11-29 with total page 873 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Foreign Affairs Best Book of the Year: “Tells the history of American trade policy . . . [A] grand narrative [that] also debunks trade-policy myths.” —Economist Should the United States be open to commerce with other countries, or should it protect domestic industries from foreign competition? This question has been the source of bitter political conflict throughout American history. Such conflict was inevitable, James Madison argued in the Federalist Papers, because trade policy involves clashing economic interests. The struggle between the winners and losers from trade has always been fierce because dollars and jobs are at stake: depending on what policy is chosen, some industries, farmers, and workers will prosper, while others will suffer. Douglas A. Irwin’s Clashing over Commerce is the most authoritative and comprehensive history of US trade policy to date, offering a clear picture of the various economic and political forces that have shaped it. From the start, trade policy divided the nation—first when Thomas Jefferson declared an embargo on all foreign trade and then when South Carolina threatened to secede from the Union over excessive taxes on imports. The Civil War saw a shift toward protectionism, which then came under constant political attack. Then, controversy over the Smoot-Hawley tariff during the Great Depression led to a policy shift toward freer trade, involving trade agreements that eventually produced the World Trade Organization. Irwin makes sense of this turbulent history by showing how different economic interests tend to be grouped geographically, meaning that every proposed policy change found ready champions and opponents in Congress. Deeply researched and rich with insight and detail, Clashing over Commerce provides valuable and enduring insights into US trade policy past and present. “Combines scholarly analysis with a historian’s eye for trends and colorful details . . . readable and illuminating, for the trade expert and for all Americans wanting a deeper understanding of America’s evolving role in the global economy.” —National Review “Magisterial.” —Foreign Affairs

Between Market Economy and State Capitalism

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Author :
Publisher : Cambridge University Press
ISBN 13 : 1108830064
Total Pages : 225 pages
Book Rating : 4.1/5 (88 download)

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Book Synopsis Between Market Economy and State Capitalism by : Henry Gao

Download or read book Between Market Economy and State Capitalism written by Henry Gao and published by Cambridge University Press. This book was released on 2022-11-30 with total page 225 pages. Available in PDF, EPUB and Kindle. Book excerpt: The WTO provides tools to address China's state capitalism and should be the preferred forum for negotiations on SOE's and industrial subsidies.

US Trade Policy, China and the World Trade Organisation

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000887324
Total Pages : 184 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis US Trade Policy, China and the World Trade Organisation by : Nerina Boschiero

Download or read book US Trade Policy, China and the World Trade Organisation written by Nerina Boschiero and published by Taylor & Francis. This book was released on 2023-06-05 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The last few years have been "anni horribiles" for in International Economic Law in general and in particular for the World Trade Organization, since its inception in 1995 the guarantor of the world multilateral trade system. The increasing trade tensions, a high level of US security tariffs on steel and aluminium, the US boycott of the WTO Appellate Body, the US-China "trade war" and the reasons underlining it, only aggravated a disastrous world-wide economic situation at a time of tremendous global health and societal emergency, due to the persistent devastating spread of the COVID-19 pandemic. The book critically discusses the most salient past US administration’s unilateralist and protectionist practices. At the same time investigating the new Biden Administration’s trade approaches in order to assess whether the precedent trade trajectory is likely to continue, or there is hope of reviving the US commitment to the rule-based multilateral trading system. The book’s goal consists in distilling from current legal events the reasoning that might help the next generations in obtaining what the world needs most. These are a conscious and voluntary return to multilateralism, the search of new forms of effective global cooperation, better trade policies, a more equitable globalization, sound legal arguments, and solid economic reasons to combat rising nationalisms. If enacted, these elements hopefully would contribute to defeat new risks of political conflicts and long-lasting "trade wars". The book will be helpful to students and scholars in international and trade law, political science, and also professionals working in international and EU institutions.

China’s Implementation of the Rulings of the World Trade Organization

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Author :
Publisher : Bloomsbury Publishing
ISBN 13 : 1509913572
Total Pages : 297 pages
Book Rating : 4.5/5 (99 download)

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Book Synopsis China’s Implementation of the Rulings of the World Trade Organization by : Weihuan Zhou

Download or read book China’s Implementation of the Rulings of the World Trade Organization written by Weihuan Zhou and published by Bloomsbury Publishing. This book was released on 2019-10-03 with total page 297 pages. Available in PDF, EPUB and Kindle. Book excerpt: Amid the ongoing crisis surrounding the WTO, China's role and behaviour in the multilateral trading system has attracted overwhelming attention. This timely monograph provides the first comprehensive and systemic analysis of China's compliance with the rulings of the WTO's dispute settlement mechanism (DSM). It covers all the disputes in which China has been a respondent during its 17-year WTO membership and offers a detailed discussion of China's implementation of adverse WTO rulings, its approaches to settling WTO disputes, the possible explanations for such approaches, and post-compliance issues. The book shows how China has utilised the limitations and flexibilities of WTO rulings to ensure that its implementation of the rulings not only delivers adequate compliance but also maintains its own interests. Overall, this book argues that the issues relating to the quality of China's compliance and post-compliance practices concern the loopholes within the DSM itself which may be utilised by all WTO Members. However, despite the loopholes, China's record of compliance suggests that the DSM has been largely effective in inducing compliance and influencing domestic policy-making. It is therefore in the interest of all WTO Members and other stakeholders to protect the DSM as the 'crown jewel' of the multilateral trading system.

The Long Game

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Publisher : Oxford University Press
ISBN 13 : 0197527876
Total Pages : 433 pages
Book Rating : 4.1/5 (975 download)

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Book Synopsis The Long Game by : Rush Doshi

Download or read book The Long Game written by Rush Doshi and published by Oxford University Press. This book was released on 2021-06-11 with total page 433 pages. Available in PDF, EPUB and Kindle. Book excerpt: For more than a century, no US adversary or coalition of adversaries - not Nazi Germany, Imperial Japan, or the Soviet Union - has ever reached sixty percent of US GDP. China is the sole exception, and it is fast emerging into a global superpower that could rival, if not eclipse, the United States. What does China want, does it have a grand strategy to achieve it, and what should the United States do about it? In The Long Game, Rush Doshi draws from a rich base of Chinese primary sources, including decades worth of party documents, leaked materials, memoirs by party leaders, and a careful analysis of China's conduct to provide a history of China's grand strategy since the end of the Cold War. Taking readers behind the Party's closed doors, he uncovers Beijing's long, methodical game to displace America from its hegemonic position in both the East Asia regional and global orders through three sequential "strategies of displacement." Beginning in the 1980s, China focused for two decades on "hiding capabilities and biding time." After the 2008 Global Financial Crisis, it became more assertive regionally, following a policy of "actively accomplishing something." Finally, in the aftermath populist elections of 2016, China shifted to an even more aggressive strategy for undermining US hegemony, adopting the phrase "great changes unseen in century." After charting how China's long game has evolved, Doshi offers a comprehensive yet asymmetric plan for an effective US response. Ironically, his proposed approach takes a page from Beijing's own strategic playbook to undermine China's ambitions and strengthen American order without competing dollar-for-dollar, ship-for-ship, or loan-for-loan.

Rationality and Legality of Non-market Economy Treatment in Antidumping Law

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Author :
Publisher : Springer Nature
ISBN 13 : 9819982928
Total Pages : 244 pages
Book Rating : 4.8/5 (199 download)

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Book Synopsis Rationality and Legality of Non-market Economy Treatment in Antidumping Law by : Shao Long

Download or read book Rationality and Legality of Non-market Economy Treatment in Antidumping Law written by Shao Long and published by Springer Nature. This book was released on 2024-01-03 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book serves as a comprehensive study of and provides rich insight into non-market economy treatment, including its past, present, and estimated future practices and implications. It explores the introduction of the market and non-market economy dichotomy into international trade law. It traces the origin and development of non-market economy treatment against changing international economic and political background. The book examines this treatment in light of the rationale underlying anti-dumping, reflecting its alleged significance of ensuring fair trade. It in particular investigates the varied non-market economy treatment practices responding concerns of China’s rising as a large state-led economy, analyzing the deviation of NME treatment into an all-in trade tool. The book argues against preconceived bias and unilateral protectionism. It highlights the universal existence of government involvement in the market and proposes objective assessment of its impact on fair trade. Final proposition of the book is depoliticizing trade, reforming comprehensively international trade rules to carefully calibrate different values, including promoting fairness and enhancing global social welfare. It envisages a multi-dimension overhaul of international trade rules to rebalance trade interests, rather than roughly labeling an economy to confer different treatment, the practices of which lead to separation and chaos. The book is of particular relevance and interest to economies-in-transition, and among policy makers, academicians and legal practitioners engaged in trade remedies and trade rules reconstruction.

Handbook on Critical Political Economy and Public Policy

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Publisher : Edward Elgar Publishing
ISBN 13 : 1800373783
Total Pages : 520 pages
Book Rating : 4.8/5 (3 download)

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Book Synopsis Handbook on Critical Political Economy and Public Policy by : Christoph Scherrer

Download or read book Handbook on Critical Political Economy and Public Policy written by Christoph Scherrer and published by Edward Elgar Publishing. This book was released on 2023-01-20 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive and stimulating Handbook examines the contribution of political economy to public policy. It provides an overview of several strands of critical political economy, supported by case studies from OECD countries, Latin America, South Africa, and South and East Asia.

U.S. Trade Policy

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Publisher : M.E. Sharpe
ISBN 13 : 9780765603241
Total Pages : 244 pages
Book Rating : 4.6/5 (32 download)

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Book Synopsis U.S. Trade Policy by : William Anthony Lovett

Download or read book U.S. Trade Policy written by William Anthony Lovett and published by M.E. Sharpe. This book was released on 1999 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt: A critical review of recent U.S. trade policies that have failed to enforce sufficient reciprocity and overall trade balance, with suggestions for policies that foster a more balanced and realistic pattern of world trade growth.

Annual Report of the President of the United States on the Trade Agreements Program

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Publisher :
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.:/5 (53 download)

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Book Synopsis Annual Report of the President of the United States on the Trade Agreements Program by : United States. President

Download or read book Annual Report of the President of the United States on the Trade Agreements Program written by United States. President and published by . This book was released on 1975 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

China’s 40 Years of Reform and Development: 1978–2018

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Author :
Publisher : ANU Press
ISBN 13 : 176046225X
Total Pages : 709 pages
Book Rating : 4.7/5 (64 download)

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Book Synopsis China’s 40 Years of Reform and Development: 1978–2018 by : Ross Garnaut

Download or read book China’s 40 Years of Reform and Development: 1978–2018 written by Ross Garnaut and published by ANU Press. This book was released on 2018-07-19 with total page 709 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year 2018 marks 40 years of reform and development in China (1978–2018). This commemorative book assembles some of the world’s most prominent scholars on the Chinese economy to reflect on what has been achieved as a result of the economic reform programs, and to draw out the key lessons that have been learned by the model of growth and development in China over the preceding four decades. This book explores what has happened in the transformation of the Chinese economy in the past 40 years for China itself, as well as for the rest of the world, and discusses the implications of what will happen next in the context of China’s new reform agenda. Focusing on the long-term development strategy amid various old and new challenges that face the economy, this book sets the scene for what the world can expect in China’s fifth decade of reform and development. A key feature of this book is its comprehensive coverage of the key issues involved in China’s economic reform and development. Included are discussions of China’s 40 years of reform and development in a global perspective; the political economy of economic transformation; the progress of marketisation and changes in market-compatible institutions; the reform program for state-owned enterprises; the financial sector and fiscal system reform, and its foreign exchange system reform; the progress and challenges in economic rebalancing; and the continuing process of China’s global integration. This book further documents and analyses the development experiences including China’s large scale of migration and urbanisation, the demographic structural changes, the private sector development, income distribution, land reform and regional development, agricultural development, and energy and climate change policies.

The Evolution of China’s Political Economy

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000877523
Total Pages : 283 pages
Book Rating : 4.0/5 (8 download)

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Book Synopsis The Evolution of China’s Political Economy by : Rich Marino

Download or read book The Evolution of China’s Political Economy written by Rich Marino and published by Taylor & Francis. This book was released on 2023-05-01 with total page 283 pages. Available in PDF, EPUB and Kindle. Book excerpt: For years, China’s rapid economic transformation was hailed as a successful project that lifted hundreds of millions of people out of poverty. However, in recent times, the Chinese narrative has taken a more negative turn in the eyes of the West. Much of this has to do with the US perception about the role of the Chinese state in its economy and its military build-up, especially in the South China Sea. There’s no question, China’s complex economy can be difficult to understand. Information is often unclear and incomplete, and its data are not always reliable. However, this book presents the reader with a clear picture of China’s economy and how it compares to other advanced economies, mainly the United States. The book unwraps the key features and structures of China’s economy. Moreover, it examines and shows the similarities and differences in comparison with other like economies. In that effort, it underscores the differences by evaluating their benefits as well as their disadvantages, against the backdrop of China’s incomplete transition to a market economy. This along with its governance structure becomes the crucial components shaping the way key stakeholders will act and react to opportunities and incentives as that economy evolves. The book supplements the definition of globalization for the academic, the student, the professional and anyone else interested in its positive and negative effects. It is also a good fit for anyone who wants to understand China’s three elements of political economy: global trade, political power and its image on the global stage.

International Trade Policies in the Era of Globalization

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Author :
Publisher : IGI Global
ISBN 13 : 1522595686
Total Pages : 382 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis International Trade Policies in the Era of Globalization by : Co?kun ™zer, Ahu

Download or read book International Trade Policies in the Era of Globalization written by Co?kun ™zer, Ahu and published by IGI Global. This book was released on 2019-07-05 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Though globalization has removed commercial walls between countries and implemented new international trade policies, trade barriers still exist. Due to the various political barriers surrounding other countries, the future of world trade has become uncertain. Understanding these barriers and their implications is imperative to implementing successful foreign trade policies. International Trade Policies in the Era of Globalization provides relevant theoretical frameworks and the latest empirical research findings on international trade and improves the understanding of the strategic role of trade policies and their importance in the global economy. The content within this publication contains reports on global trade, trade wars, and foreign policy. This research is designed for policymakers, government officials, economists, business professionals, researchers, and international business students.

Cultural Pragmatism for US-China Relations

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Author :
Publisher : Taylor & Francis
ISBN 13 : 1000738582
Total Pages : 140 pages
Book Rating : 4.0/5 (7 download)

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Book Synopsis Cultural Pragmatism for US-China Relations by : Charles Chao Rong Phua

Download or read book Cultural Pragmatism for US-China Relations written by Charles Chao Rong Phua and published by Taylor & Francis. This book was released on 2022-10-25 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Thucydides trap and a US-China face-off are not structurally inevitable; US-China relations are what the US and China make of them. Phua focuses on the ability to see "US as US" and "China as China" to trigger both countries’ cultural tendencies towards pragmatism. Phua examines China’s arduous journey to fit in the Westphalian system, the deep cultural misunderstandings by the West of Sunzi’s The Art of War, and attempts to offer an inside-out cultural synthesis of classical and modern Chinese thought as a proxy of their operational code, beyond the standard clichés about Confucian and Daoist thought. He builds on Jervis’ perception and misperception as well as Alastair Johnston’s cultural realism. Readers will benefit from a culturally-Chinese, western-educated and politically neutral understanding of "China as China". An essential primer for academics, practitioners and students of international relations, diplomacy and Chinese culture.

Capitalism at a Crossroads

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Author :
Publisher : Springer Nature
ISBN 13 : 3031232577
Total Pages : 384 pages
Book Rating : 4.0/5 (312 download)

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Book Synopsis Capitalism at a Crossroads by : Ali Ari

Download or read book Capitalism at a Crossroads written by Ali Ari and published by Springer Nature. This book was released on 2023-02-25 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: As the current capitalist system has been increasingly struggling to respond to the problems and uncertainties in the global economy, this book aims to identify the main economic, social, and ecological problems and discusses solutions for a more inclusive and sustainable economic system. Written by an international selection of contributors, it takes a wider perspective beyond classical orthodox economics. By doing so, this book covers a wide range of topics, such as global warming and climate change, food and energy scarcity, rising inequality and debt issues, health, ecological, economic, and political crises, degrowth, green new deals, solidarity, economy, artificial intelligence, technological change, smart solutions, and smart cities. Discussing these topics, the book presents answers to the question of whether the current capitalist system is viable and provides suggestions for a fair, inclusive, and modern economic system. Taking a comprehensive approach, the book will appeal to students, scholars, and researchers of heterodox and alternative economics.