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Clash of Powers - US-China Rivalry in Global Trade Governance (Hardcover)
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Clash of Powers - US-China Rivalry in Global Trade Governance (Hardcover)
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The US-China trade war instigated by President Trump has thrown the
multilateral trading system into a crisis. Drawing on vast
interview and documentary materials, Hopewell shows how US-China
conflict had already paralyzed the system of international rules
and institutions governing trade. The China Paradox - the fact that
China is both a developing country and an economic powerhouse -
creates significant challenges for global trade governance and
rule-making. While China demands exemptions from global trade
disciplines as a developing country, the US refuses to extend
special treatment to its rival. The implications of this conflict
extend far beyond trade, impeding pro-development and
pro-environment reforms of the global trading system. As one of the
first analyses of the implications of US-China rivalry for the
governance of global trade, this book is crucial to our
understanding of China's impact on the global trading system and on
the liberal international economic order.
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