Globalization? Trade War? A Counterbalance Perspective

Xingwei Hu

Papers from arXiv.org

Abstract: This paper explores the exciting dynamics of international trade, focusing on the strategic balance between competition and cooperation in the global trade network. It highlights how competitive advantages, rather than comparative advantages, drive trade conflicts and deglobalization. By using the balance of power, the paper introduces a quantitative measure of competitiveness that serves as a common goal for all countries, alongside trade balance. It then examines how nations can boost their competitive strength and trade balance through globalization, protectionism, trade collaboration, or conflict. The study provides practical insights for policymakers on managing trade relationships, resolving conflicts, and determining the right level of globalization by analyzing trade data. The analysis is supported by a comparison between theory-driven quantitative evidence and historical events, using real-world trade data from 2000 to 2019.

Date: 2020-09, Revised 2025-05
New Economics Papers: this item is included in nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://arxiv.org/pdf/2009.03436 Latest version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:arx:papers:2009.03436

Access Statistics for this paper

More papers in Papers from arXiv.org
Bibliographic data for series maintained by arXiv administrators ().