scholarly journals THE US-CHINA TRADE WAR: CAUSE-EFFECT ANALYSIS

2019 ◽  
pp. 07-15
Author(s):  
Irina Onyusheva ◽  
Cherry Thinn Naing ◽  
Aung Lin Zaw
Keyword(s):  
World Economy ◽  
Point Of View ◽  
The Political ◽  
Future Prospects ◽  
Effect Analysis ◽  
Macroeconomic Analysis ◽  
China Trade ◽  
The Us ◽  
The World ◽  
Trade War

The US-China trade war has been considered one of the urgent issues in today’s international trade. In fact, this is a trade war where top two largest world economies participate.  In this paper, we have made an attempt to describe and explain the motives behind this trade war along with the potential threats, causes and effects for the world economy. Comparative macroeconomic analysis of the involved countries has been also conducted. Possible retaliation of China and other countries to the US’ increasing in tariffs on imported goods, protectionism and deficit issues in the US are discussed in the first part of the paper. The authors focus on the potential threats and effects that this trade war may have on the world economy from the political economy point of view. Authors’ vision on the future prospects of the current situation is also presented.

scholarly journals U.S.-China trade war and its impact on the world economy

2020 ◽  
pp. 19-36
Author(s):  
Byambakhand Luguusharav ◽  
Bolormaa Budjav
Keyword(s):  
United States ◽  
Global Economy ◽  
World Economy ◽  
Presidential Elections ◽  
Trade Agreement ◽  
The United States ◽  
China Trade ◽  
The Us ◽  
The World ◽  
Trade War

Republican candidate Donald J. Trump, who ran in the 2016 US presidential elections with a slogan “Make America Great Again” defined his foreign policy as “America First”. He set out to balance the long-running deficit of the United States, which led to the US-China trade war. The war not only affected the economies of Washington and Beijing but also it had a devastating effect on the world economy. The first part of the article discusses the concept of a trade war, while the second part analyzes the origins, causes, and course of the trade war between the United States and China, and the trade agreement between the two countries that have temporarily stopped the trade war. At the end of the article, the positive and negative implications of the US-China trade war on the economies of both countries and the global economy will be reviewed. АНУ-БНХАУ-ын худалдааны дайн, дэлхийн эдийн засагт үзүүлсэн нөлөө Хураангуй: АНУ-ын Ерөнхийлөгчийн 2016 оны сонгуульд “Америкийг дахин агуу болгоё” гэсэн мөрийн хөтөлбөртэй оролцсон Д.Трамп ялалт байгуулж, өөрийн гадаад бодлогыг “Америкийг эн тэргүүнд тавих” хэмээн тодорхойлсон юм. Улмаар тэрээр олон жилийн туршид асар их алдагдалтай явж ирсэн Америкийн гадаад худалдааны балансыг тэнцвэржүүлэх зорилт дэвшүүлсэн нь АНУ- БНХАУ-ын худалдааны дайн гарахад нөлөөлсөн. Энэ дайн нь Вашингтон, Бээжингийн эдийн засагт нөлөөлөөд зогсохгүй дэлхийн эдийн засгийг доргилтонд оруулаад байна. Толилуулан буй өгүүллийн эхний хэсэгт худалдааны дайны тухай ойлголтыг авч үзэх бол хоёрдугаар хэсэгт АНУ-БНХАУ-ын хооронд өрнөсөн худалдааны дайны үүсэл, шалтгаан, өрнөл, энэ дайныг түр зогсоогоод байгаа хоёр улсын худалдааны хэлэлцээрт дүн шинжилгээ хийнэ. Өгүүллийн төгсгөлд, АНУ-БНХАУ-ын худалдааны дайн нь хоёр улсын эдийн засагт төдийгүй дэлхийн эдийн засагт үзүүлсэн эерэг, сөрөг нөлөөлийн талаар дүн шинжилгээ хийсэн болно. Түлхүүр үгс: АНУ, БНХАУ, худалдааны дайн, дэлхийн эдийн засаг, тариф

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.

scholarly journals Citoyenneté et valeurs dans l’Eurafrique

2005 ◽  
Vol 34 (1) ◽  
Author(s):  
Charles-Romain Mbele
Keyword(s):  
Civil Society ◽  
World Trade ◽  
World Economy ◽  
Point Of View ◽  
The Other ◽  
The Political ◽  
Active Engagement ◽  
Men And Women ◽  
The World ◽  
Société Civile

Tenter de cerner la question de la «citoyenneté et des valeurs » avec quelque complexité et profondeur dépasse le face-à-face entre l’Europe et l’Afrique. D’une part, dans une série de conférences à l’aube du 21e siècle, l’Unesco s’est demandé « Où vont les valeurs ? » D’autre part, « les liens préférentiels » entre l’Europe et l’Afrique sont désormais sous la juridiction de l’Organisation mondiale du Commerce. De ce point de vue, interroger le statut politique et civique des hommes et des femmes dans le cadre institutionnel et partenarial de l’Eurafrique, c’est en creux se demander quel sort est réservé, par l’économie-monde actuelle, au fait d’être citoyen. Étant donné le déséquilibre qui caractérise l’Eurafrique, ce n’est qu’avec l’engagement actif des citoyens qui votent et participent à une société civile critique qu’un nouveau partenariat favorable aux Africains pourrait s’actualiser. Attempting to plumb the complexity and depth of the issue of citizenship and values goes well beyond the interface between Europe and Africa. On one hand, in a series of communications at the beginning of the 21st century, UNESCO asked itself, “Where are the values?” On the other hand, the “preferential links” between Europe and Africa are henceforth under the jurisdiction of the World Trade Organization. From this point of view, questioning the political and civic status of men and women in the institutional framework and partnership of Eurafrica, means to ask oneself what destiny is reserved, by the current world economy, to the fact of being citizen. Given the disequilibrium that characterizes Eurafrica, it is only with the active engagement of citizens who vote and participate in a critical civil society that a new partnership favorable to Africans could be actualized.

US-China trade war: Russia's risks

2020 ◽  
Vol 17 (2) ◽  
pp. 56-65
Author(s):  
O. V. Ignatova ◽  
O. A. Gorbunova
Keyword(s):  
United States ◽  
The United States ◽  
Economic Relations ◽  
China Trade ◽  
International Economic Relations ◽  
The Us ◽  
The World ◽  
The Russian Federation ◽  
Trade War ◽  
The Impact

The article is devoted to one of the urgent problems of the world economy: the trade opposition of the United States and China. Due to the fact that these countries occur to be the largest economies in the world, their conflict cannot in one way or another be reflected in other subjects of international economic relations. The article analyzes the main stages of the trade war between the United States and China and formulates the causes of the crisis.On the basis of a regional approach and analysis of statistical data it became possible to make an assessment of the effects that the US-PRC rivalry has on mutual trade, investment and energy cooperation between Russia and China. It is noted that in connection with the trade conflict, Russian-Chinese relations are reaching a new level of development, the number of joint economic projects is growing. However, the confrontation between the United States and China brings not only opportunities, but also risks for Russia. The authors make a forecast about the impact of the trade war on the economy of the Russian Federation in the short and medium term.

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 US–China Trade War: Russia’s Interests

2019 ◽  
Vol 5 ◽  
pp. 1
Author(s):  
Olga V. Ignatova ◽  
Olga A. Gorbunova ◽  
Olga Yu. Tereshina ◽  
◽  
◽  
...  
Keyword(s):  
United States ◽  
The United States ◽  
Economic Relations ◽  
China Trade ◽  
International Economic Relations ◽  
The Us ◽  
The World ◽  
The Russian Federation ◽  
Trade War ◽  
The Impact

The article is devoted to one of the urgent problems of the world economy: the trade opposition of the United States and China. Due to the fact that these countries occur to be the largest economies in the world, their conflict cannot in one way or another be reflected in other subjects of international economic relations. The article analyzes the main stages of the trade war between the United States and China and formulates the causes of the crisis. On the basis of a regional approach and analysis of statistical data, it became possible to make an assessment of the effects that the US–PRC rivalry has on mutual trade, investment, and energy cooperation between Russia and China. It is noted that in connection with the trade conflict, Russian–Chinese relations are reaching a new level of development, and the number of joint economic projects is growing. However, the confrontation between the United States and China brings not only opportunities but also risks for Russia. The authors make a forecast about the impact of the trade war on the economy of the Russian Federation in the short and medium term.

SWOT Analysis in US-China Trade War

2019 ◽  
pp. 31-39
Author(s):  
Pidvysotskyi Yan
Keyword(s):  
International Trade ◽  
Swot Analysis ◽  
Weak Links ◽  
Trade Barriers ◽  
China Trade ◽  
World Markets ◽  
The Us ◽  
The World ◽  
Trade War ◽  
Economic Capacity

The purpose of the article is to analyze the strengths, weaknesses, opportunities and threats of the US and China, and to identify the factors that will helpwin or lose a particular party to the conflict in the future. The methodologyof thestudy is to use a set of methods: dialectical, statistical, historical, comparative.The scientific novelty of the work is to determine, on the basis of SWOT, thewinning factors in the fight for the world markets. Conclusions. Both the US andChina have strengths in international trade that allow them to develop withoutharming each other. At the same time, there are weak links that opponents try touse in trade events, such as dependence on certain products or internal trade barriers. Weakening economic capacity is considered a threat, and each country triesto protect itself through customs or tariff restrictions. Prolonged confrontationbetween countries can lead to another recession or crisis, therefore countries mustseek compromise.

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