scholarly journals On Development of American-Chinese Trading Relations

2020 ◽  
Vol 14 (3) ◽  
pp. 26-38
Author(s):  
S. N. Pogodin ◽  
T. S. Yagya
Keyword(s):  
Statistical Data ◽  
Bilateral Trade ◽  
Present Stage ◽  
Economic Strategies ◽  
New Period ◽  
The Usa ◽  
Trade War ◽  
The New Period ◽  
Chinese Trade ◽  
Trade And Investment

The article is devoted to the analysis of the of American-Chinese trading relations’ development at the present stage. The economic strategies of the USA and China towards each other in the period up to 2016 are investigated and the changes that have occurred in the positions and activities of the administration of these two states since 2017 are tracked. The statistical data reflecting the state of bilateral trade of the USA and China, their investment activities for the period up to 2016 and in the new period from 2017 are analyzed. The emphasis is on identifying new features of American-Chinese trade and investment cooperation during the D. Trump’s administration. Attention is paid to the motives of the trade conflict named the trade war between the USA and China, and its results.

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.

Влияние торговой войны между США и Китаем на внешнеэкономическую деятельность ЕАЭС. Промежуточные итоги и перспективы

2020 ◽  
Vol 144 ◽  
pp. 16-25
Author(s):  
Evgeny V. Semenov ◽  
Keyword(s):  
Trade Balance ◽  
Structural Changes ◽  
Statistical Data ◽  
Global Changes ◽  
Economic Relations ◽  
Trade Relations ◽  
The Us ◽  
The Usa ◽  
World Economic ◽  
Trade War

The article analyzes the causes of the trade war between the USA and China, in particular, dwells on the problems of further globalization of the world economic relations, multidirectional vectors of the two states' development in recent decades, as well as disproportion in the trade balance. The paper presents statistical assessment of the trade war results, expressed in structural changes of trade relations between the US and China, as well as dynamics of their imports from the EAEU countries. Based on statistical data, the conclusion is made on economic prospects of the EAEU to compensate certain product groups that are falling out during the trade war in the Chinese and American markets, and general recommendations are given on building the EAEU's foreign economic strategy, taking into account the current global changes

Trade War Between the USA and China: Who will Win?

2020 ◽  
Vol 144 ◽  
pp. 56-65
Author(s):  
Andrey V. Ostrovsky ◽  
Keyword(s):  
European Association ◽  
Far East ◽  
Economic Research ◽  
Regular Meeting ◽  
The Far East ◽  
Chinese Studies ◽  
Economic Strategies ◽  
The Usa ◽  
Trade War ◽  
Russian Association

Regular meeting of the Bogomolov Club, held at the Institute for Economic Strategies on January 28, 2020, was dedicated to the issues of trade and economic war between the USA and China. The keynote address was delivered by the famous Russian sinologist, Doctor of Economics, Professor, Director of the Center for Social and Economic Research of China at the RAS Institute of the Far East, member of the Russian Association of Sinologists, the European Association of Chinese Studies Andrey V. Ostrovsky.

The Atypical Fashion of the Us-China ‘Phase 1’-Deal: Context, Content and Perspectives

2020 ◽  
Vol 23 (2) ◽  
pp. 347-370
Author(s):  
Caroline Glöckle ◽  
Aike Würdemann
Keyword(s):  
Bilateral Trade ◽  
Phase 1 ◽  
Trade Agreement ◽  
Trade Relations ◽  
Trade Law ◽  
Great Achievement ◽  
Bilateral Trade Agreement ◽  
The Us ◽  
Trade War ◽  
Chinese Trade

In January 2020, the US and China finally concluded a bilateral trade agreement amidst an ongoing trade war. From the US side, the US-China ‘phase 1’-deal was hailed as a great achievement. The paper critically examines whether and to what extent the US-China ‘phase 1’-deal can keep up with its promises. In the course of the analysis, the paper finds that the trade deal will neither place US-Chinese trade relations on a new footing, nor does it incentivise China to fundamentally change its economic model. Instead, one may argue that the ‘phase 1’-deal has a harming effect on the multilateral idea of trade law as of today.

scholarly journals China and Africa: Model of South-South Cooperation?

2018 ◽  
Vol 04 (02) ◽  
pp. 259-279 ◽  
Author(s):  
Richard Asante
Keyword(s):  
Bilateral Trade ◽  
Raw Materials ◽  
Chinese Economy ◽  
Development Cooperation ◽  
Institutional Constraints ◽  
African Countries ◽  
Boom And Bust ◽  
Chinese Trade ◽  
Boom And Bust Cycles ◽  
Trade And Investment

Chinese officials often claim that their country’s massive involvement in Africa is an example of “South-South cooperation” with tremendous potential to unlock Africa’s development prospects. They maintain that China’s economic involvement in the continent is less exploitative and more relevant to local needs than the North’s. Starting from a relatively small amount of investment in the early 1990s, China has become Africa’s biggest economic partner. Yet, as the United Nations Conference on Trade and Investment (UNCTAD) and other studies have shown, Chinese trade and investment in Africa are reproducing African countries as exporters of raw materials and importers of manufactured goods. This paper deconstructs the uncritical view of China’s development cooperation with Africa as “South-South” cooperation, highlighting its potential tensions, incongruities, downsides, and dilemmas. It demonstrates both good and bad news. Recent data show that despite the slowdown of the Chinese economy and slump in prices of certain raw materials, the total value of China-Africa trade is on the rise, with Africa’s exports to China growing rapidly, indicating a narrowing gap between imports and exports in the bilateral trade. However, whether this phenomenon is sustainable remains in doubt. Dynamics of the boom and bust cycles of commodity markets, limited diversification, domestic institutional constraints, limited tariff exemptions and rising debt on African countries can all compromise the recent progress in China-Africa trade and exacerbate their asymmetrical relationship, reproducing the trade pattern between the West and African countries.

The AGOA as stepping stone for USA–Africa free trade agreements

2018 ◽  
Vol 17 (3) ◽  
pp. 115-131
Author(s):  
Regis Simo
Keyword(s):  
Bilateral Trade ◽  
Free Trade Agreements ◽  
Trade Agreements ◽  
The European Union ◽  
African Countries ◽  
Content Type ◽  
Trade Relations ◽  
The Us ◽  
The Usa ◽  
Trade And Investment

Purpose The purpose of this paper is to show how the pattern of trade relations between the USA and African countries is gradually shifting toward reciprocity. It therefore demonstrates that the African Growth and Opportunity Act (AGOA) was conceived to be a building block toward future bilateral trade agreements. Design/methodology/approach This paper adopts a historical approach to the USA’s policy toward Africa in general and in trade matters in particular. It critically reviews the chronology of US involvement in the continent. Findings Although it was designed as a preferential trade arrangement, AGOA was intended to evolve into reciprocal trade agreements. This is what the USA started doing even prior to the entry into force of the AGOA, by entering into Trade and Investment Framework Agreements with individual countries or blocs. It also transpires that the deployment comes as a response to the European Union which is already engaged in the redefinition of its own trade relations with Africa since 2004. Originality/value The paper is important in many respects. Not only it is a study of the US practice as preference-granting country, but it is also interested in the typology of trade agreements concluded by the USA in other regions of the world. This is important to indicate and analyze the types of provisions African countries should be expected to face when the time of entering into reciprocal binding trade treaties arrives.

scholarly journals European Union – Geopolitical Rival or Key Partner of Russia?

2021 ◽  
Vol 22 (4) ◽  
pp. 96-104
Author(s):  
Andrey Naryshkin ◽  
Keyword(s):  
European Union ◽  
Bilateral Trade ◽  
Current Data ◽  
Current Status ◽  
Present Stage ◽  
Member States ◽  
Mutual Trade ◽  
Foreign Countries ◽  
Trade And Investment ◽  
Made In

European countries have traditionally been Russia’s key economic partners. Mutual interest is based on geographical proximity, historical ties and also by the complementarity markets. Mutual sanctions spread over recent years has called into question Russia – European Union partnership and cooperation established by Agreement in 1994. This article reviews the current status of Russia – EU and its member states relations. Also the article contains analysis of mutual trade, economic and investment cooperation, economic and diplomatic ties of partners during periods of mutual rapprochement (before 2014th) and the subsequent cooling of relations. Conclusions on current Russia – EU and its member states relations. Also the article contains analysis of mutual trade, econ Europe relationship made in this article are based on a comprehensive analysis of official statistics of bilateral trade and investment cooperation between Russia and foreign countries. Current data shows the importance of the European direction for our country. This article also discusses possible ways to improve the efficiency of interaction between partners at the present stage.

scholarly journals The U.S. and China in India’s Foreign Economic Policy: In Quest of Balance for Maintaining Strategic Autonomy

2021 ◽  
Vol 21 (2) ◽  
pp. 304-324
Author(s):  
Natalia Valerievna Galistcheva ◽  
Elena Vakhtangovna Nebolsina
Keyword(s):  
United States ◽  
Economic Policy ◽  
Bilateral Trade ◽  
The United States ◽  
Mixed Method Research ◽  
Foreign Economic Policy ◽  
The Usa ◽  
Chinese Trade ◽  
High Level ◽  
The U.S

The paper investigates trade and investment relations between India and its two major trading partners, viz. the U.S. and China in the 2000-2010s. On the basis of mixed method research with equal use of quantitative and qualitative, as well as historical and statistical methods, the authors estimate the possibilities for expanding interstate interactions and the difficulties the countries might face. By comparing the scale and particulars of the product structure of Indo-American and Indo-Chinese trade, the authors reveal that intra-industry trade between India and the United States is at a fairly high level, which, in turn, is not typical for the trade between India and China, which is mostly inter-industry due to the sluggish cooperation of Indian and Chinese entrepreneurs. The authors assess the intensity of the Indo-American and Indo-Chinese bilateral trade between 2000-2018 by means of indices of intensity of Indias exports and imports to / from the USA and China, as well as indices of intensity of exports and imports of its partners to / from India. The obtained results outline the upward trend of the share of Indian exports to the U.S. relative to other countries, which indicates that India is successfully conquering the U.S. market, and Indian goods are becoming increasingly competitive. Meanwhile, the volume of Indian-Chinese trade remains on a much lower level than it could be expected with the current share of India in the world trade. In the meantime, neither for the United States nor for China, India is a dominant partner. The article also investigates major obstacles hindering the development of both Indo-American and Indo-Chinese bilateral relations. The obtained results enable the authors to predict that in the short- and mid-term economic cooperation between India and its leading partners is likely to strengthen, with India keeping striving for standing neuter while building the two most crucial vectors of its foreign economic policy.

scholarly journals The Impacts of the American-Chinese Trade War and COVID-19 Pandemic on Taiwan’s Sales in Semiconductor Industry

2021 ◽  
Vol 13 (4) ◽  
pp. 62
Author(s):  
Tristan Kempf ◽  
Vito Bobek ◽  
Tatjana Horvat
Keyword(s):  
Semiconductor Industry ◽  
The United States ◽  
Trade Dispute ◽  
The Usa ◽  
Trade War ◽  
Tax Benefits ◽  
Infrastructure Investments ◽  
Chinese Trade ◽  
Military Relations ◽  
Economic Ties

The following paper deals with the American Chinese trade war and its impacts on Taiwan’s economy, particularly sales in Taiwan’s semiconductor industry. Indeed, trade tensions impact global supply chains, especially in the semiconductor industry, since its supply chain is highly globalized and dependent on many companies in various countries. Hence, the industry is susceptible to trade disruptions. With the largest microchip manufacturer TSMC, Taiwan is one of the key players in the fabrication of microchips. It has strong cultural, geographical, and economic ties to China and, on the other hand, strong economic and military relations to the United States. A trade war between those two countries is an enormous future challenge for the island. However, this paper proves that trade tensions had a lower-than-expected impact on Taiwan’s economy and the microchip industry. Due to capital that diverted from China to Taiwan and investments from Taiwanese companies in other countries like the USA. Additionally, Taiwan handled the Covid-19 pandemic extraordinarily well and therefore did not have any significant economic restrictions in the domestic market. Now it depends on the future action steps of the Taiwanese industry and government. If Taiwan manages to steer outgoing companies from China to Taiwan, the island could emerge as the surprise winner of the trade dispute. For this purpose, the paper gives concrete recommendations on how to increase the attractiveness for FDI through tax benefits or infrastructure investments.

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