Lesson 13: US-China Trade War versus TPP
March 2, 2021
Review:
- Understanding China’s Economic Success
- US-China Trade War
- South-East Asia Cartography Exercise – please submit here
- Midterm Exam on Thu Mar 11
Presentation:
- US-China Trade War
- Continue discussion from last week
- Trump’s Trade War (PBS, begin at ~24:00)
- Are tariffs the cure for Trade Deficits?
- 2008 as Inflection Point
- Beijing Olympics: drummers (4 min)
- US Financial Crisis
- Not a Trade War, a Techonomic War
- Car Industry as key indicator
- Forced Tech Transfer
- Corporatism creates internal conflicts
- Dividing Sino-American business relationships
- Is Corporatism Competitive?
- American companies focusing on short-term profits
- Ignoring long-term investment opportunities
- No strategic vision, no collaboration, no planning
- Nationalism vs. globalism: the new political divide
- Globalism
- International cooperation
- Address transnational issues, e.g., climate, refugees
- Multilateral approach
- UN, WHO, NATO, TPP, Paris Accord, Iran Nuclear
- Nationalism
- International conflict
- Deny or ignore transnational issues, e.g., climate, covid
- Unilateral approach
- Avoid or withdraw from international agreements
- Globalism
- Trans-Pacific Partnership (TPP)
- Globalist approach
- Nationalist approach
- Trump immediate withdrawal from PPP
- Pence speech “declaration of economic war”
- Tariffs etc.
Assignment:
- Watch Nationalism vs Globalism with Yuval Harari (TED)
- Recommended
- The Realities of Trump’s Trade War (Vice)
- What on earth is the CPTPP (Economist)
