Clash of Powers: US-China Rivalry in Global Trade Governance

Clash of Powers: US-China Rivalry in Global Trade Governance
ISBN-10
1108892523
ISBN-13
9781108892520
Category
Political Science
Language
English
Published
2020-07-31
Publisher
Cambridge University Press
Author
Kristen Hopewell

Description

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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