Kritische Rohstoffe – Die Achillesverse der USA im Wettstreit mit China

Schmid Marc ()
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Schmid Marc: Wirtschaftswissenschaftlicher Bereich, Martin-Luther-Universität Halle-Wittenberg, Große Steinstraße 7306108 Halle (Saale)Halle (Saale), Deutschland

Zeitschrift für Wirtschaftspolitik, 2019, vol. 68, issue 3, 309-330

Abstract: The confrontation between the US and China in the current trade dispute is one of the first clashes between the established and the emerging world power. This contibution examines the special role of critical raw materials in the rivalry of the two countries. The analysis reveals the reliance of the United States on the supply of critical raw materials from China, which is a severe weakness of the US economy and military. The dependency leads to supply risks, undermines the American position in the conflict between the two countries and is an Achilles’ heel that makes the US economy vulnerable. US politics seems to be aware of the risk, but their measures are not sufficient in order to reduce the supply risks and dependency associated with critical raw materials from China. A comprehensive and long-term oriented raw material strategy is required.

Keywords: Trade dispute; critical raw materials; supply risks; rare earths; Handelsstreit; kritische Rohstoffe; Versorgungsrisiken; Seltene Erden (search for similar items in EconPapers)
JEL-codes: F13 F51 Q31 Q34 (search for similar items in EconPapers)
Date: 2019
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DOI: 10.1515/zfwp-2019-2015

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