The American Economy and Institutions with Sino-US Trade

Robert Gmeiner ()
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Robert Gmeiner: Methodist University

Chapter Chapter 3 in How Trade with China Threatens Western Institutions, 2021, pp 55-98 from Springer

Abstract: Abstract This chapter outlines economic characteristics that shape the Sino-US trading relationship and gives an overview of trade policymaking in both countries. Although this chapter focuses on the United States, much of it is relevant to other Western countries. The purpose of this chapter is twofold—(1) to lay a foundation for the theory in subsequent chapters and (2) to refute common political, often populist, arguments about the harm of trade with China and its causes. Trade is a positive sum game, but it imposes some overlooked costs. These costs are a result of the specifics of the trade policymaking processes in each country which produce a playing field asymmetrically tilted in China’s favor.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-74709-1_3

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DOI: 10.1007/978-3-030-74709-1_3

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