Taiwan’s Economy in 2019: Reaping Benefits from the US–China Trade War

2020 ◽  
Vol 12 (01) ◽  
pp. 72-82
Author(s):  
Min-Hua CHIANG
Keyword(s):  
Ageing Population ◽  
External Trade ◽  
Business Operation ◽  
China Trade ◽  
Long Run ◽  
Rapid Spread ◽  
The Us ◽  
Growth Prospects ◽  
Trade War

Taiwan’s economy expanded moderately by 2.71% in 2019 despite the ongoing US–China trade war. The growing inward investment made by Taiwanese firms with overseas business operation had underpinned Taiwan’s economy despite falling exports. While mounting investment inflows to Taiwan would continue to buttress the economy, the rapid spread of coronavirus could threaten its growth prospects in 2020. In the long run, Taiwan’s lack of free trade agreements may further constrain its external trade development. Taiwan’s rapidly ageing population, one of key demographic trends, presents another challenge to its long-term economic prosperity.

Weak forint will not shift Hungary’s monetary policy

2019 ◽  
Keyword(s):  
Government Bond ◽  
Content Type ◽  
The Past ◽  
China Trade ◽  
Bond Yield ◽  
The Us ◽  
Growth Prospects ◽  
Trade War ◽  
Chinese Trade ◽  
Roll Back

Significance It dropped to 332.2, a decline of 5.7% since March 10, when the forint reached its strongest level against the euro this year. While the forint has fallen steadily against the single currency over the past several years -- it has lost 18% since November 2012, with half the decline occurring since mid-2017 -- it has come under more strain since March, owing to a combination of fallout from the US-China trade war and the persistently dovish policy stance of Hungary’s Central Bank (MNB). Impacts Markets have become increasingly pessimistic about the growth prospects for the euro-area. A technical recession is increasingly probable in Germany, where the benchmark ten-year government bond yield is at a near-record low. Central Europe’s economies are decoupling from the industrial slowdown in the largest EU economy, although divergences are narrowing. Renewed hopes of a US-Chinese trade truce, including a possible roll-back of existing tariffs, are improving sentiment towards EM.

scholarly journals US–China Trade Disputes: Studying Long-Term Trade Patterns

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
K.V. Bhanu Murthy ◽  
Keyword(s):  
United States ◽  
Global Financial Crisis ◽  
Export Performance ◽  
The United States ◽  
Export Market ◽  
Trade Patterns ◽  
China Trade ◽  
The Us ◽  
Trade War

US–China economic ties have expanded substantially since China began reforming its economy and liberalizing its trade regime in the late 1970s. Total US–China merchandise trade rose from $2 billion in 1979 (when China’s economic reforms began) to $636 billion in 2017. China is currently the United States’ largest merchandise trading partner, its third-largest export market, and its biggest source of imports. There are multiple areas of disagreement that preceded the trade war. One ground is that China is buying off American assets. It is also alleged that China violates US patent rights. It is also stated by United States that China has restrictions on US companies entering certain areas in production in China. The scale at which US–China trade patterns are changing and ownership patterns of both countries’ MNCs are changing results in a mystification of trade data due to intra-firm trade imports and exports. This may be a major reason why apparent trade patterns do not clearly serve as a guide for commenting on policy wars. This study examines the patterns in the US–China exports, mutual imports, and current account balances over a nearly 25-year period, to form a view about whether the trade war is justified. The general methodology in this paper has been to use a set of semi-log growth equations that enable comparison of various trade-related variables between the United States and China. The method focuses on the long-term patterns before and after global financial crisis (GFC), in the two countries, with the help of a standard dummy variable model. In conclusion, the US claims seem to be unfounded when studied through the lens of long-term trade patterns between the two countries. China’s export performance is much better. The United States’ dependence on imports from China has fallen drastically. Finally, the current balance of payments (BoP) of the United States continues to remain highly negative; whereas, in spite of the setback due to the GFC, China’s BoP position all along continues to be positive.

scholarly journals US–China Trade War: The Tale of Clash Between Biggest Developed and Developing Economies of the World

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Anjala Kalsie ◽  
Ashima Arora ◽  
◽  
Keyword(s):  
United States ◽  
Developing Economies ◽  
Collateral Damage ◽  
China Trade ◽  
Long Run ◽  
The Us ◽  
The World ◽  
Trade War ◽  
The Impact ◽  
Trade Wars

United States (US) and China are the two largest economies of the world, where the former is the biggest developed economy and the latter is one of the largest developing economies of the world. This paper implores to assess the cause and effect of the US-Sino Trade War. The attempt is to understand the reasons behind the same and its impact on warring economies and collateral damage to the economies of other countries. The experience establishes that trade wars have no winners. The war started in year 2018; the long-run effects of this trade war are still to be seen yet; till date the impact of this crisis has been substantial for both the US and China.

scholarly journals Vietnam-China Trade Relations and the Effects of the US-China Trade War

2019 ◽  
Vol 9 (4) ◽  
pp. 1
Author(s):  
Nguyen Quang Hiep
Keyword(s):  
Current Situation ◽  
Short Term ◽  
Trade Relations ◽  
Export Structure ◽  
Dependent Relationship ◽  
China Trade ◽  
The Us ◽  
Trade War ◽  
Trade Partners

By calculating the trade indexes (TII, RCA and IIT), mainly in the period 2001-2017, the article analyzes current situation of the dependent relationship and ability to complement each other on trade between Vietnam and China. The results show that Vietnam and China are increasingly becoming important trade partners of each other; Vietnam and China have a particular advantage in the export structure of its exports, showing the trade relations between the two countries are complementary to each other; and the level of intra-industry trade between Vietnam and China is quite high. The US - China trade war broke out will cause the  reversal of the global trade environment. However, in short term, the trade context of the Vietnam - China less affected by this tension. But in the long term, the sanctions are expanded to different sectors will can have unpredictable effects.

scholarly journals Political Economy and Regional Policy: The Impact of US-China Trade Tension on the Global Economic Growth

2020 ◽  
Vol 3 (3) ◽  
pp. 2224-2232
Author(s):  
Sunkung Danso
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Global Economy ◽  
Negative Impact ◽  
Trade Deficit ◽  
China Trade ◽  
Long Run ◽  
The Us ◽  
Trade War ◽  
The Impact

This paper uses a systematic literature review to discuss US-China trade tension. The study discusses the US-China trade tension and its impact on the global economy because the US-China trade war is imminent at the point in time since President Trump came to power in 2016. This research aims to examine how US-China trade tension is unfolding and the significant change of this trade tension on the world economy. The systematic literature review was engaged to capture the sequence of the event as they are happening between the US and China with regards to trade barriers. This research reviewed 19 peer-review journals and some news items and WTO resources relevant to this study. This study revealed that the US-China trade tension has affected consumer goods to some extent but it may not affect the global economy currently. However, it is evident that in the long-run; the US-China trade war will have an impact on the lives of people and the global economy if the issue continues to intensify. In conclusion, the economy of the US has declined drastically by 0.8% while China also experience 0.4% fall in the economy in 2019. The impact is currently not severe on the global economy but if the tension continues it might have a negative impact on the global economy. The trade deficit is getting wider between China and the US.

scholarly journals The Integration of Islamic Stock Markets of OIC Countries in China Stock Market Crisis and US-China Trade War

2021 ◽  
Vol 13 (1) ◽  
Author(s):  
Deri Siswara
Keyword(s):  
United States ◽  
Stock Market ◽  
Stock Markets ◽  
The United States ◽  
Distributed Lag ◽  
China Trade ◽  
The Us ◽  
China Stock Market ◽  
Trade War

The purpose of this study is to analyze the integration and response of the Islamic stock market of the OIC countries before the crisis and during the China stock market crisis also during the United States-China trade war with the Autoregressive Distributed Lag (ARDL) method. The results showed that there was no cointegration in the period before the China stock market crisis. However, during the period of the China stock market crisis and the United States-China trade war, the cointegration was more common. The Islamic stock market of Qatar, Saudi Arabia and the UAE experienced a domino effect from fluctuations in crude oil prices. Then, the Indonesia Islamic stock market in the two crisis periods had a long-term relationship with the US and China stock markets. Whereas the Malaysian and Bangladesh Islamic stock markets have only a long-term relationship with the US stock market. In terms of the benefits of portfolio diversification for investors, there is relevance of dominant economic, geographical, and trade relations in influencing the integration of the Islamic stock market.

scholarly journals The Dimensions of the US-China Trade War

2020 ◽  
Vol 3 (1) ◽  
pp. 47-55
Author(s):  
Mohamad Zreik
Keyword(s):  
United States ◽  
Indian Ocean ◽  
Free Trade ◽  
The United States ◽  
Bilateral Agreements ◽  
China Trade ◽  
The Pacific ◽  
The Us ◽  
The Indian Ocean ◽  
Trade War

AbstractThe Chinese Ministry of Commerce issued a statement Friday morning, July 6, 2018, confirming the outbreak of a trade war between the United States and China. The statement came after the United States imposed tariffs on many Chinese goods, in violation of international and bilateral agreements, and the destruction of the concept of free trade which the United States calls for following it. It is a war of opposite directions, especially the contradiction between the new Trump policy and the Chinese approach. The proof is what US Defense Secretary James Matisse announced in Singapore in early June 2018 of “the full strategy of the new United States, in the Indian Ocean and the Pacific,” where China was the “sole enemy of the United States” in China’s geostrategic region. Intentions have become publicized, and trade war between the two economic giants is turning into a reality. This paper will give an overview of the US-China scenario of trade war, then a focused analysis on the Trump’s administration economic decision regarding China, and the consequences of this decision.

The Thucydides Trap as an Alternative Explanation for the US–China Trade War

2020 ◽  
Vol 12 (1) ◽  
pp. 42-55 ◽  
Author(s):  
Imad A. Moosa
Keyword(s):  
Alternative Explanation ◽  
Bilateral Trade ◽  
National Income ◽  
Trade Deficit ◽  
Basic Principles ◽  
China Trade ◽  
The Us ◽  
The Usa ◽  
Thucydides Trap ◽  
Trade War

The current trade war between the USA and China is perceived to be motivated by the US desire to curtail the bilateral trade deficit, on the assumption that reducing the deficit boosts economic growth. This flawed proposition indicates gross misunderstanding of the national income identity and the basic principles of macroeconomics. The imposition of tariffs will not reduce the trade deficit as the assumptions and conditions required for a smooth working of the process are unrealistic and counterfactual. The notion of an economic Thucydides trap is put forward to explain why the trade war is motivated by US apprehension about China’s rising economic power.

scholarly journals Forecasting Bitcoin returns: is there a role for the US–China trade war?

2021 ◽  
Author(s):  
Vasilios Plakandaras ◽  
Elie Bouri ◽  
Rangan Gupta
Keyword(s):  
China Trade ◽  
The Us ◽  
Trade War
Sign in / Sign up

Export Citation Format

Share Document