Economic, Technological, and Geopolitical Consequences of the U.S. Government's Decoupling-from-China-Strategy for the World Economy

Economic, Technological, and Geopolitical Consequences of the U.S. Government's Decoupling-from-China-Strategy for the World Economy

Author: Sophie Graf

Publisher: GRIN Verlag

Published: 2024-03-14

Total Pages: 23

ISBN-13: 3963567805

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Academic Paper from the year 2022 in the subject Politics - Region: USA, grade: 1,3, Catholic University Eichstätt-Ingolstadt, language: English, abstract: The relationship between the United States (U.S.) and China has increasingly strained, particularly concerning economic ties. The outbreak of the pandemic highlighted significant reliance on Chinese exports, notably in crucial sectors like medical supplies. This dependency has led to discussions regarding the necessity of reducing ties with China, a concept commonly referred to as decoupling. Decoupling, advocated by former U.S. President Donald Trump and continued by the Biden administration, involves efforts to lessen dependence on Chinese trade for reasons such as national security and economic autonomy. This paper aims to explore the implications of such a strategy, examining its historical background, economic motivations, and consequences. Beginning with an overview of the escalating conflict between the U.S. and China, the origins of Chinese economic growth and American concerns will be delved into. The different forms of decoupling, from targeted sectorial disengagement to broader geopolitical shifts, will be analyzed. Additionally, the economic and technological impacts of decoupling, including measures taken by both U.S. and Chinese governments and their effects on the global economic landscape, will be assessed. Furthermore, the geopolitical implications, considering how decoupling may influence international relations and global governance structures, will be examined. By evaluating these aspects, this paper aims to provide insights into whether decoupling serves the interests of Western nations or if it risks exacerbating tensions and economic disruptions. This analysis contributes to the ongoing discourse on U.S.-China relations and the evolving dynamics of global economic interdependence.


Global China

Global China

Author: Tarun Chhabra

Publisher: Brookings Institution Press

Published: 2021-06-22

Total Pages: 430

ISBN-13: 0815739176

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The global implications of China's rise as a global actor In 2005, a senior official in the George W. Bush administration expressed the hope that China would emerge as a “responsible stakeholder” on the world stage. A dozen years later, the Trump administration dramatically shifted course, instead calling China a “strategic competitor” whose actions routinely threaten U.S. interests. Both assessments reflected an underlying truth: China is no longer just a “rising” power. It has emerged as a truly global actor, both economically and militarily. Every day its actions affect nearly every region and every major issue, from climate change to trade, from conflict in troubled lands to competition over rules that will govern the uses of emerging technologies. To better address the implications of China's new status, both for American policy and for the broader international order, Brookings scholars conducted research over the past two years, culminating in a project: Global China: Assessing China's Growing Role in the World. The project is intended to furnish policy makers and the public with hard facts and deep insights for understanding China's regional and global ambitions. The initiative draws not only on Brookings's deep bench of China and East Asia experts, but also on the tremendous breadth of the institution's security, strategy, regional studies, technological, and economic development experts. Areas of focus include the evolution of China's domestic institutions; great power relations; the emergence of critical technologies; Asian security; China's influence in key regions beyond Asia; and China's impact on global governance and norms. Global China: Assessing China's Growing Role in the World provides the most current, broad-scope, and fact-based assessment of the implications of China's rise for the United States and the rest of the world.


Global Trends 2040

Global Trends 2040

Author: National Intelligence Council

Publisher: Cosimo Reports

Published: 2021-03

Total Pages: 158

ISBN-13: 9781646794973

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"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.


The Uses and Abuses of Weaponized Interdependence

The Uses and Abuses of Weaponized Interdependence

Author: Daniel W. Drezner

Publisher:

Published: 2021

Total Pages: 0

ISBN-13: 9780815738374

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How globalized information networks can be used for strategic advantage Until recently, globalization was viewed, on balance, as an inherently good thing that would benefit people and societies nearly everywhere. Now there is growing concern that some countries will use their position in globalized networks to gain undue influence over other societies through their dominance of information and financial networks, a concept known as "weaponized interdependence." In exploring the conditions under which China, Russia, and the United States might be expected to weaponize control of information and manipulate the global economy, the contributors to this volume challenge scholars and practitioners to think differently about foreign economic policy, national security, and statecraft for the twenty-first century. The book addresses such questions as: What areas of the global economy are most vulnerable to unilateral control of information and financial networks? How sustainable is the use of weaponized interdependence? What are the possible responses from targeted actors? And how sustainable is the open global economy if weaponized interdependence becomes a default tool for managing international relations?


The Great Decoupling

The Great Decoupling

Author: Nigel Inkster

Publisher:

Published: 2023-05-25

Total Pages: 0

ISBN-13: 9781787389632

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For much of recorded history, China was a leading science and technology power. But just as the West rose, China turned in on itself, and missed the Industrial Revolution. The result was the 'Hundred Years of Humiliation', and a long struggle for a modern, yet distinctly Chinese, civilisational identity. Today, technological innovation has returned to the core of national pride and ambition.Since the 1980s, reforms have transformed China into the world's second largest economy and a major global power. Cyber space and other advanced technologies have become a battleground for international dominance; but today's world relies on global supply chains and interstate collaboration--at least, for now. Growing tension between the USA and China could result in the two superpowers decoupling their technology--with significant consequences for humanity's future.The Great Decoupling shows that this technology contest, and how it plays out, will shape the geopolitics of the twenty-first century.


Schism

Schism

Author: Paul Blustein

Publisher: McGill-Queen's Press - MQUP

Published: 2019-09-10

Total Pages: 249

ISBN-13: 1928096867

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China's entry into the World Trade Organization (WTO) in 2001 was heralded as historic, and for good reason: the world's most populous nation was joining the rule-based system that has governed international commerce since World War II. But the full ramifications of that event are only now becoming apparent, as the Chinese economic juggernaut has evolved in unanticipated and profoundly troublesome ways. In this book, journalist Paul Blustein chronicles the contentious process resulting in China's WTO membership and the transformative changes that followed, both good and bad - for China, for its trading partners, and for the global trading system as a whole. The book recounts how China opened its markets and underwent far-reaching reforms that fuelled its economic takeoff, but then adopted policies - a cheap currency and heavy-handed state intervention - that unfairly disadvantaged foreign competitors and circumvented WTO rules. Events took a potentially catastrophic turn in 2018 with the eruption of a trade war between China and the United States, which has brought the trading system to a breaking point. Regardless of how the latest confrontation unfolds, the world will be grappling for decades with the challenges posed by China Inc.


Revising U.S. Grand Strategy Toward China

Revising U.S. Grand Strategy Toward China

Author: Robert D. Blackwill

Publisher: Council on Foreign Relations

Published: 2015-04-01

Total Pages: 70

ISBN-13: 0876096461

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Robert D. Blackwill and Ashley J. Tellis argue that the United States has responded inadequately to the rise of Chinese power. This Council Special Report recommends placing less strategic emphasis on the goal of integrating China into the international system and more on balancing China's rise.


Death by China

Death by China

Author: Peter Navarro

Publisher: Pearson Prentice Hall

Published: 2011-05-05

Total Pages: 320

ISBN-13: 013236705X

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The world's most populous nation and soon-to-be largest economy is rapidly turning into the planet's most efficient assassin. Unscrupulous Chinese entrepreneurs are flooding world markets with lethal products. China's perverse form of capitalism combines illegal mercantilist and protectionist weapons to pick off American industries, job by job. China's emboldened military is racing towards head-on confrontation with the U.S. Meanwhile, America's executives, politicians, and even academics remain silent about the looming threat. Now, best-selling author and noted economist Peter Navarro meticulously exposes every form of "Death by China," drawing on the latest trends and events to show a relationship spiraling out of control. Death by China reveals how thousands of Chinese cyber dissidents are being imprisoned in "Google Gulags"; how Chinese hackers are escalating coordinated cyberattacks on U.S. defense and America's key businesses; how China's undervalued currency is damaging the U.S., Europe, and the global recovery; why American companies are discovering that the risks of operating in China are even worse than they imagined; how China is promoting nuclear proliferation in its pursuit of oil; and how the media distorts the China story--including a "Hall of Shame" of America's worst China apologists. This book doesn't just catalogue China's abuses: It presents a call to action and a survival guide for a critical juncture in America's history--and the world's. Publisher's note - in this book various quotes and viewpoints are attributed to a 'Ron Vara'. Ron Vara is not an actual person, but rather an alias created by Peter Navarro in order to present his views and opinions.


The Billionaire Raj

The Billionaire Raj

Author: James Crabtree

Publisher: Crown

Published: 2019-07-02

Total Pages: 418

ISBN-13: 1524760072

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A colorful and revealing portrait of the rise of India’s new billionaire class in a radically unequal society India is the world’s largest democracy, with more than one billion people and an economy expanding faster than China’s. But the rewards of this growth have been far from evenly shared, and the country’s top 1% now own nearly 60% of its wealth. In megacities like Mumbai, where half the population live in slums, the extraordinary riches of India’s new dynasties echo the Vanderbilts and Rockefellers of America's Gilded Age, funneling profits from huge conglomerates into lifestyles of conspicuous consumption. James Crabtree’s The Billionaire Raj takes readers on a personal journey to meet these reclusive billionaires, fugitive tycoons, and shadowy political power brokers. From the sky terrace of the world’s most expensive home to impoverished villages and mass political rallies, Crabtree dramatizes the battle between crony capitalists and economic reformers, revealing a tense struggle between equality and privilege playing out against a combustible backdrop of aspiration, class, and caste. The Billionaire Raj is a vivid account of a divided society on the cusp of transformation—and a struggle that will shape not just India’s future, but the world’s.


US-China Economic Relations

US-China Economic Relations

Author: Ha Jiming

Publisher: Peterson Institute for International Economics

Published: 2019-04-25

Total Pages:

ISBN-13: 0881327395

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Outright trade war between the world’s two largest economies would be devastating to the working people of both countries, as well as destructive to the future of the entire world economy. The costs of conflict between China and the United States far outweigh the current causes of dispute in their economic relationship. These costs would be both direct, in terms of short-term losses of growth and employment, and indirect, in terms of long-term damage to the world trading system, diminishing investment and efficiency. There are points of genuine dispute between the United States and China over their economic interaction. Even if their economic significance is often exaggerated, these are legitimate points of contention and have to be addressed in a constructive manner. The analyses in this volume aim to contribute to a more reality-based consideration of both countries’ enlightened self-interests, which would yield progress on points of dispute in a manner consistent with keeping the world economy open for business.