ECONOMIC INTERDEPENDENCE BETWEEN THE USA AND CHINA
Alin Mantea
Revista Economica, 2012, vol. Supplement, issue 1, 440-447
Abstract:
Interdependence is one of the main concepts in international relations. The idea of this theory appears for the first time within Robert Keohane and Joseph Nye`s research ?Power and Interdependence?, in the mid 70`s. They focus mainly on liberalism, economy, international organizations and transnational corporations.We can speak about interdependence both at the global level, between all international actors as well as at the bilateral level, between two states. First part of the paper is about the theoretical aspects of the theory, second part being a study case about the interdependence between United States and Popular Republic of China, the first and the second economical actors in the world. China`s growth is due to American investments and massive exports from China to USA. At the same time American corporations have big benefits from the cheap labor force in China and most of the profit returns to United States. There are expenses for everyone but the benefits are common.
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:blg:reveco:v:supplement:y:2012:i:1:p:440-447
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