scholarly journals Comparative Advantage and Competitiveness of World Soy Exporter in Respond to Us-China Trade Dispute

10.31355/75 ◽  
2021 ◽  
Vol 5 ◽  
pp. 001-020
Keyword(s):  
Comparative Advantage ◽  
Export Price ◽  
Price Impact ◽  
Agricultural Commodities ◽  
Trade Dispute ◽  
Bric Countries ◽  
China Trade ◽  
The Us ◽  
The World ◽  
Reveal Comparative Advantage

Aim/Purpose: This research identifies China’s agricultural commodities demand on soy and compares the comparative advantage, competitiveness of world soy exporters. Background: The world’s largest agricultural commodities importer-China had bought 10.7 % of world agricultural commodities (US$1,167.2 billion) during year 2017. Studying China’s demand in order to formulate export strategies is crucial especially for BRIC countries. Methodology: Reveal Comparative advantage (RCA), Comparative Advantage above Average (CAaA) and Export Competitive Advantage (XCA) were used in this study. Findings: Analysis shows that Brazil, USA, Argentina, Canada, Paraguay, Uruguay and Ukraine who supply more than 97% of world soy export have better comparative advantage and competitiveness over other soy exporters in the world. Russia and Netherlands are picking up with offering lower export price. Impact on Society: Due to US-China Trade dispute, China has switched soy import and purchase from the US to Brazil. That has caused US$3 billion wealth loss for both countries.

scholarly journals Is China’s domestic agricultural market influenced by price fluctuations of the world agricultural commodities in the short-run?

2013 ◽  
Vol 59 (No. 12) ◽  
pp. 578-589
Author(s):  
Y. Jiang ◽  
Y. Wang
Keyword(s):  
Price Change ◽  
Global Market ◽  
Price Impact ◽  
Agricultural Commodities ◽  
Chinese Market ◽  
Agricultural Market ◽  
Price Fluctuation ◽  
Price Fluctuations ◽  
The World ◽  
Short Run

After entry into the WTO, China’s domestic agricultural market is more and more closely integrated into the world market. Recently, a significant price fluctuation of agricultural commodities in the global market has increased concerns over its impact on the economic stability in those developing countries such as China, which has a large import and export of agricultural commodities every year. This paper attempts to study the short-term impact from price fluctuations of the world agricultural commodities upon the China’s domestic agricultural market by investigating the dynamic correlation between the price change in the world and Chinese market in the copula framework. Our findings suggest a weak but strengthening short-run impact with an asymmetric nature. At the same time, diversified short-run impacts are observed in four main agricultural commodity markets. Empirical results show that the world price fluctuation has a volatile but decreasing influence on the China’s rice market. This volatility of price impact is also observed in the wheat market but it has an escalating trend. The corn market experiences an intensified price shock with a distinct stage characteristic and the soybean market is under the strongest influence from the international price fluctuation.

Reframing news by different agencies

Babel ◽  
2020 ◽  
Vol 66 (4-5) ◽  
pp. 847-866
Author(s):  
Weixin Zeng
Keyword(s):  
The United States ◽  
Chinese Mainland ◽  
News Reports ◽  
Trade Dispute ◽  
News Agency ◽  
China Trade ◽  
News Agencies ◽  
The Us ◽  
The Media ◽  
News Event

Abstract This study aims to investigate how news reports are reframed and how a stance is in turn mediated in the process of translation by news agencies in the Chinese mainland and Taiwan when they cover the same news event. A database is built from 50 reports on the US-China trade dispute, half from Reference News (RN), a news agency based in Chinese mainland and the other half from Liberty Times (LT), a media outlet in Chinese Taiwan, as well as their corresponding source texts from foreign news agencies. The results show that the reframing practices in the two agencies vary from each other in framing the US-China trade dispute and the image of China and America. The overall pattern of stance shift in the translation by RN is towards a pro-China/anti-US direction while in the translation by LT towards a more anti-China/pro-US direction. These might be caused by the political stance of the news agency, the media environment and the relationship with the United States.

Prospects for global trade in 2020-24

2019 ◽  
Keyword(s):  
World Trade ◽  
Job Creation ◽  
Value Chains ◽  
Global Trade ◽  
Trading System ◽  
Content Type ◽  
China Trade ◽  
The Us ◽  
Multilateral Trading System ◽  
The World

Subject Prospects for global trade in 2020-24. Significance US-China competition and a ‘populist backlash’ against trade in advanced nations are intensifying fears that the world is entering de-globalisation. World trade volumes are expected to grow modestly in 2019 and 2020, while the US-China trade conflict roils the multilateral trading system and global value chains, harming investment and job creation.

scholarly journals PERAN WTO DALAM MEMBANGUN PENEGAKAN HUKUM INTERNASIONAL TERHADAP PROTEKSIONISME (STUDI KASUS: SENGKETA DAGANG ROKOK KRETEK INDONESIA)

2020 ◽  
Vol 2 (1) ◽  
Author(s):  
Farahdiba Rahma Bachtiar
Keyword(s):  
International Law ◽  
Dispute Settlement ◽  
The United States ◽  
Mutual Understanding ◽  
Trade Policies ◽  
Trade Dispute ◽  
Domestic Trade ◽  
The Us ◽  
The World

Indonesia’s objection to the United States (US) over a clove ban in 2010 was one of the most difficult trade dispute cases that Indonesia has ever submitted. The dispute between both countries in the clove cigarettes negotiations was actually completed in 2014 after the two countries agreed on mutual understanding (MoU) related to cigarettes. Indonesia's victory over the Dispute Settlement Body (DSB) by the World Trade Organization (WTO) shows the enforcement of international law in intervening in a country's domestic policies.Although it took great deal of time, Indonesia's victory over US becomes a lesson learned. This victory proves the role of the WTO in resolving trade dispute cases and refutes the notion of a superpower in particular the US being immune to the international law. US domestic trade policies that impose a ban on clove cigarettes have deviated from WTO rules and have harmed Indonesia as a producer

scholarly journals The US-China Trade Dispute: A Macro Perspective

2019 ◽  
Author(s):  
Rod Tyers ◽  
Yixiao Zhou
Keyword(s):  
Trade Dispute ◽  
China Trade ◽  
The Us

Inner Workings of the Chinese Economy and the US–China Trade War

2020 ◽  
Vol 23 (02) ◽  
pp. 2050016
Author(s):  
Winston W. Chang
Keyword(s):  
Equity Markets ◽  
Chinese Economy ◽  
Capital Flight ◽  
External Shocks ◽  
Success Story ◽  
China Trade ◽  
The Us ◽  
The World ◽  
The Face ◽  
Trade War

China has been touted as a unique success story in development economics. The world financial crisis of 2007–2010 impacted China severely. Its GDP growth slowed, corporate debts piled up, equity markets became volatile, the renminbi weakened, and its forex reserves shrank in the face of capital flight. This paper analyzes the policymakers’ approaches in coping with the recent external shocks to the economy noted for having rigid economic structures (such as the trilemma problem and privatization issues). It discusses the tough balancing act facing the policymakers and the various reform options, including capital flow liberalization and structural reform. Finally, the paper discusses the US–China trade war.

Asia in 2019

Asian Survey ◽  
2020 ◽  
Vol 60 (1) ◽  
pp. 1-7
Author(s):  
Uk Heo
Keyword(s):  
Hong Kong ◽  
Policy Implications ◽  
The North ◽  
China Trade ◽  
The Us ◽  
The World ◽  
Nuclear Issue ◽  
Trade War ◽  
Economic Partnership ◽  
Regional Comprehensive Economic Partnership

Among the major events that occurred in Asia in 2019 were four that received global attention: the Regional Comprehensive Economic Partnership (RCEP), the US-China trade war, the North Korean nuclear issue, and protests in Hong Kong. These events have significant policy implications for the world as well as for Asia.

scholarly journals USA–China Trade War in Light of the Limits of the Comparative Advantage Principle

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Salif Kone ◽  
Keyword(s):  
International Trade ◽  
Comparative Advantage ◽  
World Economy ◽  
International Political Economy ◽  
The United States ◽  
China Trade ◽  
The World ◽  
Trade War ◽  
Ricardian Theory ◽  
Trump Administration

The trade war, which antagonizes today the United States and China, questions the free trade principle in international trade. To show the dangerousness of this trade war for the world economy, this paper explores the theoretical limits of the comparative advantage principle by analyzing the limitations of the applicability of the comparative costs and endowments criteria. We conclude that the international trade theories not based on the comparative advantage principle are the exception to the rule and therefore, cannot be used to justify the American positions, except to introduce a certain degree of political considerations. Specifically, we show that the international trade theories, other than the Ricardian theory and the HOS factorial theory, are exceptions to the applicability of the comparative costs and endowments criteria. In light of this argument, one should seek explanations of the war-like trade logic of the Trump Administration in the international political economy. In this perspective, international trade is no longer necessarily a positive-sum game.

Sign in / Sign up

Export Citation Format

Share Document