Looking Before Leaping: Can We Afford an Unlimited Trade War Between the World’s Two Largest Economies

2020 ◽  
Vol 12 (1) ◽  
pp. 24-41
Author(s):  
Xihui Sun
Keyword(s):  
Extreme Pressure ◽  
The Us ◽  
The World ◽  
The Usa ◽  
Trade War ◽  
Trump Administration

The Trump administration launched the world’s biggest trade war with China, which is suggestive of its distinctive governing philosophy. Consequently, the trade war with China is not only part of the US policies on China, but also part of the Indo-Pacific strategy of the administration, with aims of both money and containment. In response, China has adopted both hardline and moderate approaches, resolutely fighting back the pressure from the USA and exhibiting restraint in retaliation. However, China and the USA have their own advantages, and the end of the trade war depends on the resolution, willpower, and judgment of the situation. Presently, China is the only country that has the ability and resolution to stand up to the USA to stay the course in the trade war; China’s perseverance and retaliation to the US’ extreme pressure in the trade war temporarily eased the pressure on other countries from the USA. The trade war is damaging to the world and will cause more harm if it goes unchecked. The USA dominates the direction of Sino-US relations, but China’s response also shapes Sino-US relations to a certain extent.

scholarly journals Sweet Corn Research around the World 2015–2020

Agronomy ◽  
2021 ◽  
Vol 11 (3) ◽  
pp. 534
Author(s):  
Pedro Revilla ◽  
Calli M. Anibas ◽  
William F. Tracy
Keyword(s):  
Sweet Corn ◽  
Starch Content ◽  
Starch Synthesis ◽  
Environmental Care ◽  
Research Activities ◽  
The Us ◽  
The World ◽  
The Usa ◽  
Basic Biology ◽  
Endosperm Starch

Modern sweet corn is distinguished from other vegetable corns by the presence of one or more recessive alleles within the maize endosperm starch synthesis pathway. This results in reduced starch content and increased sugar concentration when consumed fresh. Fresh sweet corn originated in the USA and has since been introduced in countries around the World with increasing popularity as a favored vegetable choice. Several reviews have been published recently on endosperm genetics, breeding, and physiology that focus on the basic biology and uses in the US. However, new questions concerning sustainability, environmental care, and climate change, along with the introduction of sweet corn in other countries have produced a variety of new uses and research activities. This review is a summary of the sweet corn research published during the five years preceding 2021.

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 Peculiarities Of Cultural Interaction In Education: The US Experience

2015 ◽  
Vol 5 (2) ◽  
pp. 97-101
Author(s):  
Olga Baybakova ◽  
Larysa Sidun
Keyword(s):  
Multicultural Education ◽  
Multicultural Society ◽  
Cultural Interaction ◽  
Religious Groups ◽  
Foreign Countries ◽  
The Us ◽  
The World ◽  
The Usa ◽  
Social Components ◽  
Racial Ethnic

AbstractArticle deals with the problem of multicultural education. Ukraine, being a multicultural society, requires a new conception of the world, aimed at integrating cultures and nations, their further convergence as well as cultural enrichment. In this context the experience of many foreign countries, especially the USA, is very interesting. This country differs from average multicultural nations in a range of peculiarities, one of which is the fact that cultural interaction was not within an individual ethnos, but within immigrants–descendants of different countries, representatives of various cultures. It is underlined that the USA is the country that underwent durable trials in search for the most optimum ways to provide cultural interaction. The most modern response to the cultural diversity at the end of the 20th century in the USA became the policy of multiculturalism. Multiculturalism is considered to be a democratic policy of solving the problem of cultural and social diversity in the society, which includes educational, linguistic, economic and social components and has specific mechanisms of embodiment.The interpretation of multicultural education is proposed as that one, which facilitates the formation in a person of the readiness for activities in a modern socio-cultural environment, preservation of personal identity, aspiration for respect and understanding of other cultural and ethnical communities, the ability to live in peace and harmony with representatives of various racial, ethnic, cultural, religious groups.

scholarly journals The US dollar and new imperialism under the logic of capital accumulation

2019 ◽  
Vol 2 (1) ◽  
pp. 98-107
Author(s):  
Haiping Qiu ◽  
Min Zhao
Keyword(s):  
Capital Accumulation ◽  
International Monetary System ◽  
Content Type ◽  
Monetary System ◽  
The Us ◽  
The World ◽  
The Status ◽  
The Usa ◽  
New Imperialism ◽  
Us Dollar

Purpose The world currency is endowed with two inherent contradictions, namely, the general contradiction of all currencies and the special contradiction between the quality and quantity of the world currency. The paper aims to discuss these issues. Design/methodology/approach In the wake of the Second World War, the USA, with its strong economic and military strength, established an international monetary system centered on the US dollar (USD). This gave USD the status of “world currency” and bounded it to the US imperialist hegemony with mutual integration and interaction, making it possible for USD capital to conduct international exploitation and wealth plundering extensively around the world. Findings The contradiction between the capital logic and the power logic, which is inherent in capital accumulation models of the new imperialism, also indicates the inevitable decline of USD. Originality/value This constitutes an important feature of the new imperialism. However, as a sovereign currency, USD has inextricable and inherent contradictions while exercising its function as the world currency.

TRAITS OF SUCCESSFUL BUSINESS OWNERS: A COMPARATIVE STUDY OF ENTREPRENEURS IN SINGAPORE, THE USA, RUSSIA AND KAZAKHSTAN

1998 ◽  
Vol 06 (03) ◽  
pp. 257-268 ◽  
Author(s):  
ANATOLY V. ZHUPLEV ◽  
FRED KIESNER ◽  
ASYLEECK B. KOZHAKHMETOV ◽  
WEE LIANG TAN ◽  
ALEXANDER KONKOV
Keyword(s):  
The United States ◽  
Business Owners ◽  
Business Climate ◽  
Global Business ◽  
Training Environment ◽  
The Us ◽  
The World ◽  
The Usa ◽  
Indigenous Entrepreneurs ◽  
Economic Future

This paper discusses the differences and similarities between the attitudes of entrepreneurs in four distinctly different localities of the world, with regard to the traits they believe to be important to their success as entrepreneurs. Over four hundred entrepreneurs were studied in four different countries: The United States, Singapore, Russia, and Kazakhstan. The US represents a more developed and established training environment. Singapore is one of the exciting "Tiger" countries and is embarking on a major thrust aimed at developing indigenous entrepreneurs. Russia and Kazakhstan are countries struggling to develop entrepreneurship as they attempt to enter the international market economy. Kazakhstan, though a much smaller country, is making far better progress in developing entrepreneurship than is Russia. The findings reveal the differences in attitudes and traits of entrepreneurs in differing ambiences of experience, economic development, and cultural experiences. In the increasingly smaller global business climate of today, this is important information to consider. As is the case with the authors of this study, business owners and entrepreneurs are all interacting with entrepreneurs in other countries of the world, and we must discover how we are similar, and how we differ, if we are to successfully interact and build a powerful entrepreneurial economic future.

scholarly journals Towards a Neo-bipolar Model of the World Order: Scouting Game in Africa

2019 ◽  
Vol 12 (3) ◽  
pp. 6-29
Author(s):  
L. L. Fituni
Keyword(s):  
United States ◽  
World Economy ◽  
World Order ◽  
The United States ◽  
New World Order ◽  
Global Order ◽  
The Us ◽  
The World ◽  
The Usa ◽  
General Movement

The article lays out a hypothesis that the global order slides into a new bipolarity in the context of the escalating geo-economic and geopolitical confrontation between the two poles that currently dominate the world - the United States and China. The neo-bipolar construction cannot yet be regarded as an established new world order, but the general movement of the world economy and international relations in this direction is obvious. The neo-bipolar bipolar confrontation manifest itself with varying intensity in different regions of the world. The author argues that at present the peripheral regions which are strategically important for the prospects of competition are becoming an important testing ground for relatively “safe” elaboration of methods and tactics of geo-economic rivalry and h mutual exchange of systemic attacks. Today, Africa has become practically the leading theater of the new bipolar confrontation. The article analyzes the economic, military and strategic aspects of the rivalry between the United States and China on the African continent. It provides a comparative analysis of the new African strategies of the two superpowers adopted at the end of 2018. The author asserts that in the context of the emerging global bipolarity, the strategies of the USA and China represent antagonistic programs based on fundamentally different initial messages. In the case of the US strategy, this is to deter by denial the spread of the competitor’s influence using tough policies, including forceful (while not necessarily military) confrontational actions. While China seeks to neutralize the opposition of the United States and its allies to Beijing’s expansion on the continent and to win the freedom of interaction with any partners in Africa causing minimal direct confrontation possible. Therefore, despite the seemingly “peripheral” importance of the confrontation on the continent, for the establishment of a neo-bipolar world order, the proclamation of the new US regional geopolitical strategy, which focuses on the containment of China in the name of protecting democracy and independence, can serve not only for Africa, but for the whole planet the same milestone signal as Churchill’s Fulton speech for the final advent of bipolarity in the postwar world.

scholarly journals A real driver of US–China trade conflict

2019 ◽  
Vol 3 (1) ◽  
pp. 30-40 ◽  
Author(s):  
Min-hyung Kim
Keyword(s):  
Transition Theory ◽  
Power Transition Theory ◽  
Content Type ◽  
China Trade ◽  
The Us ◽  
The Usa ◽  
Us Hegemony ◽  
Trade War ◽  
Zero Sum ◽  
Hegemonic Stability

Purpose According to the conventional wisdom, trade is not a zero-sum game, but a positive-sum game. By allowing countries to focus on producing the goods that they can produce relatively efficiently, free trade is largely beneficial for everyone involved. Then, why are the world’s two largest economies (i.e. the USA and China) currently engaged in a trade war, which is likely to hurt their own economies? What is the driving force for the trade war between the two economic giants? The purpose of this paper is to offer an explanation of the underlying cause of the US–China trade war. Design/methodology/approach In an effort to make sense of the trade war between the USA and China, the paper draws the insights from the two international relations theories – i.e. hegemonic stability theory and power transition theory. Findings As China continues to threaten US hegemony in the world in general and East Asia in particular, the Sino–US competition for hegemony will intensify over time. As a result, the trade war between the two countries may persist longer than many anticipate. Further, even if the trade war between the two superpowers ends soon, a similar type of conflict is likely to occur later as long as the Sino–US hegemonic rivalry continues. Originality/value The central thesis of this paper is that “US fear” about its declining hegemony and China’s rapid rise as a challenger of US hegemony is driving a US-launched trade war with China. Since the underlying cause of the trade war between the world’s two largest economies is political (i.e. the Sino–US hegemonic rivalry) rather than economic (e.g. US attempts to improve the trade balance with China by imposing tariffs on Chinese goods), the paper contends that the full understanding of the trade war requires close attention to the importance of power competition between the two superpowers.

Generational cohort theory and wine: analyzing how gen Z differs from other American wine consuming generations

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Liz Thach ◽  
Sam Riewe ◽  
Angelo Camillo
Keyword(s):  
World Population ◽  
Sparkling Wine ◽  
Generational Cohort ◽  
Content Type ◽  
Age Cohorts ◽  
The Us ◽  
The World ◽  
The Usa ◽  
Wine Market ◽  
Cohort Theory

Purpose The purpose of this paper is to identify the wine consumption preferences and behavior of Gen Z wine consumers in the USA and to determine if and how Gen Z differ from other major generational cohorts in the USA. This study applies the concepts of generational cohort theory to the US wine market to examine similarities and differences between age cohorts and their potential impact on future wine sales. Design/methodology/approach A quantitative survey was conducted with a quota sample of 1,136 US wine consumers located in all 50 states. Data analysis included one-way ANOVA analysis to test the null hypothesis that the generational cohort means are equal. If the test detected at least one mean difference across cohorts, then pairwise comparisons were performed to identify, which groups differed. The Tukey–Kramer method was used for all post hoc tests. Basic descriptive statistics were also calculated. Findings The results show some parallels in terms of similar consumption levels and a higher preference for red wine across all cohorts. However, on the majority of other common wine consumer research topics, Gen Z shows significant differences. Of specific interest, Gen Z consumers report higher levels of preference for sparkling wine than other cohorts; prefers to drink in social situations; are much more interested in labels and package; make decisions based on varietal and alcohol level and are much more engaged on Instagram and Snapchat social media platforms – all pointed to new marketing tactics needed to reach this new consumer segment. Originality/value This is the first empirical wine research study to explore the wine preferences and behaviors of Gen Z in the US market. This is valuable because Gen Z is a very large population of consumers, comprising 32% of the world population (Miller and Wei, 2018) and already represent more than $143bn in buying power (Dill, 2015). They are expected to have a huge impact on consumer products, not only in the USA but also on a global basis. Given that the USA is currently the largest wine market in the world in both volume and value (Wine Institute, 2019; VinExpo, 2018), it is important that research is conducted on this new and powerful generation.

Uncertain Times: The Reconstruction of China–US Relationship

2019 ◽  
Vol 11 (04) ◽  
pp. 19-27
Author(s):  
Weixing CHEN
Keyword(s):  
United States ◽  
The United States ◽  
Structural Level ◽  
Donald Trump ◽  
The Us ◽  
The World ◽  
Rise Of China ◽  
The Rise Of China ◽  
The Relationship ◽  
Trump Administration

The rise of China has shaken, to some extent, the pillars sustaining the US dominance in the world. Facing structural challenges from China, the United States has responded on three levels: political, strategic and policy. The Donald Trump administration has adopted a hard-line approach while attempting to engage China at the structural level. The China–US relationship is entering uncertain times, and the reconstruction of the relationship could take a decade.

Causes of U.S.-China trade imbalances: a review

2020 ◽  
Vol 13 (1) ◽  
pp. 37-44
Author(s):  
Yongqing Wang
Keyword(s):  
Bilateral Trade ◽  
Trade Deficit ◽  
Previous Literature ◽  
Common View ◽  
Content Type ◽  
Trade Imbalances ◽  
China Trade ◽  
The Us ◽  
The Usa ◽  
Trump Administration

Purpose It is a common view to Trump administration and public that devaluation of Chinese currency is the origin of the US trade deficit. However, the previous literature does not support this common view. To better understand the causes of the US trade imbalances with China, this study aims to review the previous literature focusing on the causes of bilateral trade imbalances between the USA and China. Design/methodology/approach Review previous literature according to the different reasons that each paper studies. Findings Based on the previous literature, the Chinese exchange rate is not the main reason for the US trade imbalances. The official US trade figures overestimate the amount of deficit. The actual causes for the US trade deficit with China perhaps should be the relocation of production to China, low saving in the USA and high saving in China, and the US dollar as the international currency and reserve. Originality/value By reviewing previous literature, the authors could better understand the puzzle of the US trade deficit with China.

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