Achieving greater trade and investment integration could be accomplished with one comprehensive effort or through step-by-step negotiations over key issues. The authors call on the United States to seek liberalization of China's services sector as vital to securing an agreement, and they explain that such contentious matters as cyber espionage and currency manipulation be handled through parallel negotiations rather than in the agreement itself. This is an important study of the benefits and difficulties of a complex matter that could yield dividends to the two economies and help stabilize the security and well-being of the rest of the world.
It is essential to know the true state of the China-U.S. trade balance before effective solutions can be devised to narrow the trade surplus or deficit. The impacts and potential impacts of the 2018 trade war between China and the U.S. on the two economies are analysed and discussed. The longterm forces that underlie the economic relations between the two countries beyond the 2018 trade war are examined. In this connection, how a “new type of major-power relation” between the two countries can help to keep the competition friendly and avert a war between them is explored.
Lawrence J. Lau’s timely The China-U.S. Trade War and Future Economic Relations is full of careful analysis, penetrating insight and helpful suggestions from the world’s preeminent economist on this relationship.
—Michael J. Boskin
Tully M. Friedman Professor of Economics, Stanford University
Former Chair, U.S. President’s Council of Economic Advisers
This sober and systematic study of U.S.-China trade relations and of technological development in the two countries is particularly timely. Lawrence Lau is one of the world’s foremost economists working on these issues.
—Dwight H. Perkins
Harold Hitchings Burbank Professor of Political Economy, Emeritus
Former Chair, Department of Economics, Harvard University
This is a timely and penetrating analysis of the China-U.S. trade and economic relations, from its origins to its impacts and to a way forward.
Chairman of the Council, Westlake University
Former Dean, School of Economics and Management, Tsinghua University
Counsellor of the State Council, People’s Republic of China
Lawrence Lau’s book on the current U.S.-China trade war is insightful, balanced and comprehensive; rich in data on trade, investment, science and technology. It is essential reading for anyone who wants to get past the headlines.
—A. Michael Spence
Nobel Laureate in Economic Sciences (2001)
Senior Fellow, The Hoover Institution, Stanford University
Lawrence Lau brings light in the form of rigorous honest fact-based economic analysis to a subject where most of the discussion has been heated bluster, false claims, and political rhetoric.
—Lawrence H. Summers
Former U.S. Secretary of the Treasury; Former President, Harvard University
There is no topic more important, or more timely, or more urgent, than the China-U.S. trade war. Professor Lau is the ideal person to write about the implications of the China-U.S. trade war and the proposed resolution.
Vice-Chairman, Chinese People’s Political Consultative Conference National Committee
Chairman, China-U.S. Exchange Foundation
The history of Sino-American relations, to a great extent, has been a shared history. Lawrence Lau’s timely and penetrating study will tell us it is still in best interest for both countries if they continue to pursue a shared journey and destination instead of parting ways.
Kerry Group Professor in Globalization History, The University of Hong Kong
Author of Chinese and Americans: A Shared History
This beautifully composed book uses nontechnical language to unravel the intricacies of the 2018 U.S.-China trade war, together with its long-term impact. I learned a lot from reading it.
Nobel Laureate in Physics (1957)
This is an excellent macro study of Sino-Latin American relations. The credentials of the contributors are first-rate, as are the organization and readability of the book - Highly Recommended. Choice
[This] volume is filled with rich data drawn from timely empirical research...[A] crucial contribution to Latin American Studies on a subject of ever increasing urgency. From a political economy perspective this sophisticated yet accessible volume covers the waterfront of major domestic and international relations issues raised by China's growing influence in the region. The focus on the longer-term development implications of the relationship for Latin America raise a critical question that cuts to the core of Latin America's perennial dilemma. How will the region wean itself off raw materials exports as the principal engine of economic growth? The relationship with China, in any case, does not seem to be the path. Eduardo Silva, Tulane University
The last quarter of the twentieth century was a period of economic crises, increasing indebtedness as well as financial instability for Latin America and most other developing countries; in contrast, China showed amazingly high growth rates during this time and has since become the third largest economy in the world. Based on several case studies, this volume assesses how China's rise - one of the most important recent changes in the global economy - is affecting Latin America's national politics, political economy and regional and international relations. Several Latin American countries benefit from China's economic growth, and China's new role in international politics has been helpful to many leftist governments' efforts in Latin America to end the Washington Consensus. The contributors to this thought provoking volume examine these and the other causes, effects and prospects of Latin America's experiences with China's global expansion from a South - South perspective.
Alex E. Fernández Jilberto was Senior Lecturer in International Relations at the University of Amsterdam until his death in 2010. Barbara Hogenboom is Senior Lecturer in Political Science at the Centre for Latin American Research and Documentation (CEDLA) in Amsterdam. Together they have published several edited volumes, including Big Business and Economic Development - Conglomerates and Economic Groups in Developing Countries and Transition Economies (Routledge, 2008).
For more than 50 years the United States has attempted to destabilize and isolate the Castro regime in Cuba with the use of trade and financial sanctions, a policy that has fallen short of its objective. In this Policy Analysis, Gary Clyde Hufbauer and Barbara Kotschwar suggest that the sands of time may accomplish what economic pressure did not. Raúl Castro, president of Cuba since 2008, plans to step down at the end of 2018, implying a new regime in five years. Various forces are starting to emerge favoring economic normalization if Cuba appears ready to change its policies as well as its leadership. The authors caution, however, that a unilateral dismantling of US sanctions without insuring that proper institutions are in place in Cuba could squander a golden opportunity for US companies. They argue that a new US-Cuba relationship must entail a lifting of Cuba's barriers to trade and investment, liberalization of its economy, and the adoption of democratic institutions. They offer a roadmap for a future US-Cuba rapprochement.