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

Author : Lawrence J. Lau
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)

The China Challenge

Author : Huhua Cao
Publisher : University of Ottawa Press
ISBN 13 : 0776619551
Total Pages : 311 pages
Book Rating : 4.7/5 (766 download)

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Book Synopsis The China Challenge by : Huhua Cao

Download or read book The China Challenge written by Huhua Cao and published by University of Ottawa Press. This book was released on 2011-05-28 with total page 311 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the exception of Canada’s relationship with the United States, Canada’s relationship with China will likely be its most significant foreign connection in the twenty-first century. As China’s role in world politics becomes more central, understanding China becomes essential for Canadian policymakers and policy analysts in a variety of areas. Responding to this need, The China Challenge brings together perspectives from both Chinese and Canadian experts on the evolving Sino-Canadian relationship. It traces the history and looks into the future of Canada-China bilateral relations. It also examines how China has affected a number of Canadian foreign and domestic policy issues, including education, economics, immigration, labour and language. Recently, Canada-China relations have suffered from inadequate policymaking and misunderstandings on the part of both governments. Establishing a good dialogue with China must be a Canadian priority in order to build and maintain mutually beneficial relations with this emerging power, which will last into the future.

US-China Economic Relations

Author : Ha Jiming
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.

Schism

Author : Paul Blustein
Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 1928096867
Total Pages : 249 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 249 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.

The Implications of China-Taiwan Economic Liberalization

Author : Daniel H. Rosen
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.

Two Innocents in Red China

Author : Pierre Elliot Trudeau
Publisher : D & M Publishers
ISBN 13 : 1926706935
Total Pages : 3 pages
Book Rating : 4.9/5 (267 download)

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Book Synopsis Two Innocents in Red China by : Pierre Elliot Trudeau

Download or read book Two Innocents in Red China written by Pierre Elliot Trudeau and published by D & M Publishers. This book was released on 2012-01-06 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the spirit of his father, Alexandre Trudeau revisits China to put a ground-breaking journey into a fresh, contemporary context. In 1960, Pierre Trudeau and Jacques Hébert, a labour lawyer and a journalist from Montréal, travelled to China in the midst of the Great Leap Forward. In 1968, when Two Innocents in Red China, Trudeau and Hébert’s sardonic look at a third world country’s first steps into the rest world, was released in English, Trudeau had become prime minister of Canada. “It seemed to us imperative that the citizens of our democracy should know more about China,” Trudeau wrote in the foreword. Four decades later, China’s emergence as an economic and military heavyweight beckoned Trudeau’s journalist son Alexandre to retrace his father’s footsteps and add additional material to the book. The result is a thought-provoking new perspective on the Canadian classic that helped open China to the world.

Merger Of The Century

Author : Diane Francis
Publisher : Harper Collins
ISBN 13 : 1443424412
Total Pages : 329 pages
Book Rating : 4.4/5 (434 download)

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Book Synopsis Merger Of The Century by : Diane Francis

Download or read book Merger Of The Century written by Diane Francis and published by Harper Collins. This book was released on 2013-09-27 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: No two nations in the world are as integrated, economically and socially, as are the United States and Canada. We share geography, values and the largest unprotected border in the world. Regardless of this close friendship, our two countries are on a slow-motion collision course—with each other and with the rest of the world. While we wrestle with internal political gridlock and fiscal challenges and clash over border problems, the economies of the larger world change and flourish. Emerging economies sailed through the meltdown of 2008. The International Monetary Fund forecasts that by 2018, China's economy will be bigger than that of the United States; when combined with India, Japan and the four Asian Tigers—South Korea, Taiwan, Singapore and Hong Kong--China's economy will be bigger than that of the G8 (minus Japan). Rather than continuing on this road to mutual decline, our two nations should chart a new course. Bestselling author Diane Francis proposes a simple and obvious solution: What if the United States and Canada merged into one country? The most audacious initiative since the Louisiana Purchase would solve the biggest problems each country expects to face: the U.S.'s national security threats and declining living standards; and Canada's difficulty controlling and developing its huge land mass stemming from a lack of capital, workers, technology and military might. Merger of the Century builds both a strong political argument and a compelling business case, treating our two countries not only as sovereign entities but as merging companies. We stand on the cusp of a new world order. Together, by marshalling resources and combining efforts, Canada and America have a greater chance of succeeding. As separate nations, the future is in much greater doubt indeed.

China's Changing Trade and the Implications for the CLMV

Author : Mr.Koshy Mathai
Publisher : International Monetary Fund
ISBN 13 : 1475531710
Total Pages : 84 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis China's Changing Trade and the Implications for the CLMV by : Mr.Koshy Mathai

Download or read book China's Changing Trade and the Implications for the CLMV written by Mr.Koshy Mathai and published by International Monetary Fund. This book was released on 2016-09-01 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: China’s trade patterns are evolving. While it started in light manufacturing and the assembly of more sophisticated products as part of global supply chains, China is now moving up the value chain, “onshoring” the production of higher-value-added upstream products and moving into more sophisticated downstream products as well. At the same time, with its wages rising, it has started to exit some lower-end, more labor-intensive sectors. These changes are taking place in the broader context of China’s rebalancing—away from exports and toward domestic demand, and within the latter, away from investment and toward consumption—and as a consequence, demand for some commodity imports is slowing, while consumption imports are slowly rising. The evolution of Chinese trade, investment, and consumption patterns offers opportunities and challenges to low-wage, low-income countries, including China’s neighbors in the Mekong region. Cambodia, Lao P.D.R., Myanmar, and Vietnam (the CLMV) are all open economies that are highly integrated with China. Rebalancing in China may mean less of a role for commodity exports from the region, but at the same time, the CLMV’s low labor costs suggest that manufacturing assembly for export could take off as China becomes less competitive, and as China itself demands more consumption items. Labor costs, however, are only part of the story. The CLMV will need to strengthen their infrastructure, education, governance, and trade regimes, and also run sound macro policies in order to capitalize fully on the opportunities presented by China’s transformation. With such policy efforts, the CLMV could see their trade and integration with global supply chains grow dramatically in the coming years.

The Provinces and Canadian Foreign Trade Policy

Author : Christopher J. Kukucha
Publisher : UBC Press
ISBN 13 : 0774858567
Total Pages : 258 pages
Book Rating : 4.7/5 (748 download)

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Book Synopsis The Provinces and Canadian Foreign Trade Policy by : Christopher J. Kukucha

Download or read book The Provinces and Canadian Foreign Trade Policy written by Christopher J. Kukucha and published by UBC Press. This book was released on 2009-07-01 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past thirty years, international trade agreements have focused increasingly on areas of provincial jurisdiction. In The Provinces and Canadian Foreign Trade Policy, Kukucha argues that Canadian provinces have maintained a level of autonomy in response to these developments, sometimes even influencing Canada's global trade relations and the evolution of international norms and standards. The first comprehensive review of provincial foreign trade policy in Canada, the book highlights the convergence of debates related to federalism, Canadian foreign policy, and the global political economy as they are played out in the negotiation and implementation of international trade agreements. It will be of interest to students and practitioners of political science, public policy, and economics.

US-China Trade Disputes

Author : Gary Clyde Hufbauer
Publisher : Peterson Institute for International Economics
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis US-China Trade Disputes by : Gary Clyde Hufbauer

Download or read book US-China Trade Disputes written by Gary Clyde Hufbauer and published by Peterson Institute for International Economics. This book was released on 2006 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt: As China continues its rise as a great power, The United States Congress and the administration wrestle with one another over the strategies to shape US-China economic relations. What major disputes now, and looming on the horizon, will shape future US-China relations? This book examines these issues and offers suggestions for both sides.

China and Africa

Author : David H. Shinn
Publisher : University of Pennsylvania Press
ISBN 13 : 0812208005
Total Pages : 543 pages
Book Rating : 4.8/5 (122 download)

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Book Synopsis China and Africa by : David H. Shinn

Download or read book China and Africa written by David H. Shinn and published by University of Pennsylvania Press. This book was released on 2012-07-10 with total page 543 pages. Available in PDF, EPUB and Kindle. Book excerpt: The People's Republic of China once limited its involvement in African affairs to building an occasional railroad or port, supporting African liberation movements, and loudly proclaiming socialist solidarity with the downtrodden of the continent. Now Chinese diplomats and Chinese companies, both state-owned and private, along with an influx of Chinese workers, have spread throughout Africa. This shift is one of the most important geopolitical phenomena of our time. China and Africa: A Century of Engagement presents a comprehensive view of the relationship between this powerful Asian nation and the countries of Africa. This book, the first of its kind to be published since the 1970s, examines all facets of China's relationship with each of the fifty-four African nations. It reviews the history of China's relations with the continent, looking back past the establishment of the People's Republic of China in 1949. It looks at a broad range of areas that define this relationship—politics, trade, investment, foreign aid, military, security, and culture—providing a significant historical backdrop for each. David H. Shinn and Joshua Eisenman's study combines careful observation, meticulous data analysis, and detailed understanding gained through diplomatic experience and extensive travel in China and Africa. China and Africa demonstrates that while China's connection to Africa is different from that of Western nations, it is no less complex. Africans and Chinese are still developing their perceptions of each other, and these changing views have both positive and negative dimensions.

Canada-Africa Relations

Author : Yiagadeesen Samy
Publisher : McGill-Queen's Press - MQUP
ISBN 13 : 0986707759
Total Pages : 332 pages
Book Rating : 4.9/5 (867 download)

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Book Synopsis Canada-Africa Relations by : Yiagadeesen Samy

Download or read book Canada-Africa Relations written by Yiagadeesen Samy and published by McGill-Queen's Press - MQUP. This book was released on 2016-10-17 with total page 332 pages. Available in PDF, EPUB and Kindle. Book excerpt: A wave of optimism has swept the African continent in the past decade. The pace and extent of social change in recent years, when measured in life expectancy, child and infant mortality rates, literacy, numeracy and the completion of higher education, is quite remarkable. The urban middle class is emerging and expanding in many African countries, while political democracy is developing and strengthening. These positive changes are generating economic growth and attracting foreign investment across the continent, especially in the resource sector. But Africa is still viewed by many as the “dark continent” dealing with serious problems — civil wars, ethnic division, corruption, HIV/AIDS, poverty, food security and the disastrous effects of climate change — and these issues may well impede the upward trajectory of Africa. Canada-Africa Relations: Looking Back, Looking Ahead — the 27th volume of the influential Canada Among Nations series — analyzes the ebb and flow of Canada’s engagement with Sub-Saharan Africa through different lenses over the past few decades and also looks to the future, highlighting the opportunities and the difficulties that exist for Canada and Sub-Saharan Africa. It is clear that a new Africa is emerging, and Canada must be prepared to change the nature of its relationship with the continent.

China's Trade with Other Pacific Rim Nations

Author : United States. Congress. House. Committee on Energy and Commerce. Special Subcommittee on U.S. Trade with China
Publisher :
ISBN 13 :
Total Pages : 280 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis China's Trade with Other Pacific Rim Nations by : United States. Congress. House. Committee on Energy and Commerce. Special Subcommittee on U.S. Trade with China

Download or read book China's Trade with Other Pacific Rim Nations written by United States. Congress. House. Committee on Energy and Commerce. Special Subcommittee on U.S. Trade with China and published by . This book was released on 1985 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The World According to China

Author : Elizabeth C. Economy
Publisher : John Wiley & Sons
ISBN 13 : 1509537511
Total Pages : 304 pages
Book Rating : 4.5/5 (95 download)

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Book Synopsis The World According to China by : Elizabeth C. Economy

Download or read book The World According to China written by Elizabeth C. Economy and published by John Wiley & Sons. This book was released on 2021-10-25 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: An economic and military superpower with 20 percent of the world’s population, China has the wherewithal to transform the international system. Xi Jinping’s bold calls for China to “lead in the reform of the global governance system” suggest that he has just such an ambition. But how does he plan to realize it? And what does it mean for the rest of the world? In this compelling book, Elizabeth Economy reveals China’s ambitious new strategy to reclaim the country’s past glory and reshape the geostrategic landscape in dramatic new ways. Xi’s vision is one of Chinese centrality on the global stage, in which the mainland has realized its sovereignty claims over Hong Kong, Taiwan, and the South China Sea, deepened its global political, economic, and security reach through its grand-scale Belt and Road Initiative, and used its leadership in the United Nations and other institutions to align international norms and values, particularly around human rights, with those of China. It is a world radically different from that of today. The international community needs to understand and respond to the great risks, as well as the potential opportunities, of a world rebuilt by China.

Why Nations Fail

Author : Daron Acemoglu
Publisher : Currency
ISBN 13 : 0307719227
Total Pages : 546 pages
Book Rating : 4.3/5 (77 download)

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Book Synopsis Why Nations Fail by : Daron Acemoglu

Download or read book Why Nations Fail written by Daron Acemoglu and published by Currency. This book was released on 2013-09-17 with total page 546 pages. Available in PDF, EPUB and Kindle. Book excerpt: Brilliant and engagingly written, Why Nations Fail answers the question that has stumped the experts for centuries: Why are some nations rich and others poor, divided by wealth and poverty, health and sickness, food and famine? Is it culture, the weather, geography? Perhaps ignorance of what the right policies are? Simply, no. None of these factors is either definitive or destiny. Otherwise, how to explain why Botswana has become one of the fastest growing countries in the world, while other African nations, such as Zimbabwe, the Congo, and Sierra Leone, are mired in poverty and violence? Daron Acemoglu and James Robinson conclusively show that it is man-made political and economic institutions that underlie economic success (or lack of it). Korea, to take just one of their fascinating examples, is a remarkably homogeneous nation, yet the people of North Korea are among the poorest on earth while their brothers and sisters in South Korea are among the richest. The south forged a society that created incentives, rewarded innovation, and allowed everyone to participate in economic opportunities. The economic success thus spurred was sustained because the government became accountable and responsive to citizens and the great mass of people. Sadly, the people of the north have endured decades of famine, political repression, and very different economic institutions—with no end in sight. The differences between the Koreas is due to the politics that created these completely different institutional trajectories. Based on fifteen years of original research Acemoglu and Robinson marshall extraordinary historical evidence from the Roman Empire, the Mayan city-states, medieval Venice, the Soviet Union, Latin America, England, Europe, the United States, and Africa to build a new theory of political economy with great relevance for the big questions of today, including: - China has built an authoritarian growth machine. Will it continue to grow at such high speed and overwhelm the West? - Are America’s best days behind it? Are we moving from a virtuous circle in which efforts by elites to aggrandize power are resisted to a vicious one that enriches and empowers a small minority? - What is the most effective way to help move billions of people from the rut of poverty to prosperity? More philanthropy from the wealthy nations of the West? Or learning the hard-won lessons of Acemoglu and Robinson’s breakthrough ideas on the interplay between inclusive political and economic institutions? Why Nations Fail will change the way you look at—and understand—the world.

The North American Free Trade Agreement (NAFTA)

Author : M. Villarreal
Publisher : Createspace Independent Publishing Platform
ISBN 13 : 9781544194172
Total Pages : 44 pages
Book Rating : 4.1/5 (941 download)

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Book Synopsis The North American Free Trade Agreement (NAFTA) by : M. Villarreal

Download or read book The North American Free Trade Agreement (NAFTA) written by M. Villarreal and published by Createspace Independent Publishing Platform. This book was released on 2017-02-28 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The North American Free Trade Agreement (NAFTA) entered into force on January 1, 1994. The agreement was signed by President George H. W. Bush on December 17, 1992, and approved by Congress on November 20, 1993. The NAFTA Implementation Act was signed into law by President William J. Clinton on December 8, 1993 (P.L. 103-182). The overall economic impact of NAFTA is difficult to measure since trade and investment trends are influenced by numerous other economic variables, such as economic growth, inflation, and currency fluctuations. The agreement likely accelerated and also locked in trade liberalization that was already taking place in Mexico, but many of these changes may have taken place without an agreement. Nevertheless, NAFTA is significant, because it was the most comprehensive free trade agreement (FTA) negotiated at the time and contained several groundbreaking provisions. A legacy of the agreement is that it has served as a template or model for the new generation of FTAs that the United States later negotiated, and it also served as a template for certain provisions in multilateral trade negotiations as part of the Uruguay Round. The 115th Congress faces numerous issues related to NAFTA and international trade. President Donald J. Trump has proposed renegotiating NAFTA, or possibly withdrawing from it. Congress may wish to consider the ramifications of renegotiating or withdrawing from NAFTA and how it may affect the U.S. economy and foreign relations with Mexico and Canada. It may also wish to examine the congressional role in a possible renegotiation, as well as the negotiating positions of Canada and Mexico. Mexico has stated that, if NAFTA is reopened, it may seek to broaden negotiations to include security, counter-narcotics, and transmigration issues. Mexico has also indicated that it may choose to withdraw from the agreement if the negotiations are not favorable to the country. Congress may also wish to address issues related to the U.S. withdrawal from the proposed Trans-Pacific Partnership (TPP) free trade agreement among the United States, Canada, Mexico, and 9 other countries. Some observers contend that the withdrawal from TPP could damage U.S. competitiveness and economic leadership in the region, while others see the withdrawal as a way to prevent lower cost imports and potential job losses. Key provisions in TPP may also be addressed in 'modernizing' or renegotiating NAFTA, a more than two decade-old FTA. NAFTA was controversial when first proposed, mostly because it was the first FTA involving two wealthy, developed countries and a developing country. The political debate surrounding the agreement was divisive with proponents arguing that the agreement would help generate thousands of jobs and reduce income disparity in the region, while opponents warned that the agreement would cause huge job losses in the United States as companies moved production to Mexico to lower costs. In reality, NAFTA did not cause the huge job losses feared by the critics or the large economic gains predicted by supporters. The net overall effect of NAFTA on the U.S. economy appears to have been relatively modest, primarily because trade with Canada and Mexico accounts for a small percentage of U.S. GDP. However, there were worker and firm adjustment costs as the three countries adjusted to more open trade and investment. The rising number of bilateral and regional trade agreements throughout the world and the rising presence of China in Latin America could have implications for U.S. trade policy with its NAFTA partners. Some proponents of open and rules-based trade contend that maintaining NAFTA or deepening economic relations with Canada and Mexico will help promote a common trade agenda with shared values and generate economic growth. Some opponents argue that the agreement has caused worker displacement.

China and the U.S.

Author : Thomas Gong Lum
Publisher :
ISBN 13 : 9781606929957
Total Pages : 0 pages
Book Rating : 4.9/5 (299 download)

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Book Synopsis China and the U.S. by : Thomas Gong Lum

Download or read book China and the U.S. written by Thomas Gong Lum and published by . This book was released on 2009-07 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book compares the People's Republic of China's (PRC) and U.S. projections of global influence, with an emphasis on non-coercive means or "soft power," and suggests ways to think about U.S. foreign policy options in light of China's emergence. The global public images of the two countries are compared in this book and PRC and U.S. uses of soft power tools are described, such as public diplomacy, state diplomacy, and foreign assistance. Other forms of soft power such as military diplomacy, global trade and investment, and sovereign wealth funds are also examined. Furthermore, this book analyses PRC and U.S. diplomatic and economic activities in five developing regions -- Southeast Asia, Central Asia, Africa, the Middle East, and Latin America.