Lesson 13: Understanding US-China Economic Relations
March 6, 2025
Review:
- 20th Century China
- Watch China: Rise of an Asian Giant (CNA – Singapore)
- Watch China: Power and Prosperity (PBS Newshour)
- Watch To Live (recommended movie, not required)
- Exam 2 on Thu, Mar 20 (2 weeks from today)
Presentation:
- Geography of East Asia and Southeast Asia
- Map Quiz Game
- Nationalism vs Globalism (TED, Yuval Harari)
- US-China Trade Relations
- Globalism: Obama’s Trans-Pacific Partnership (4 min)
- International cooperation
- Globalism: Obama’s Trans-Pacific Partnership (4 min)
- Address transnational issues, e.g., climate, refugees
- Multilateral approach
- UN, WHO, NATO, TPP, Paris Accord, Iran Nuclear
- International conflict
- Deny or ignore transnational issues, e.g., climate, covid
- Unilateral approach
- Avoid or withdraw from international agreements/institutions
- 2008 as an Inflection Point
- Beijing Olympics: drummers (4 min)
- US Financial Crisis and loss of international respect
- Not a Trade War, a Techno-economic War
- Car Industry as key indicator
- Forced Tech Transfer
- Corporatism creates internal conflicts
- Dividing Sino-American business relationships
- Is Corporatism sufficiently competitive?
- American companies focusing on short-term profits
- Ignoring long-term investment opportunities
- Limited collaboration, planning, vision
- Asian Century
- British Imperial Century (19th)
- American Century (20th)
- Asian Century (21st)
- Asian Economies
- The “Chinese Commonwealth”
- Tigers: Hong Kong, Taiwan, Singapore, South Korea
- Tiger Cubs: Indonesia, Malaysia, Philippines, Thailand, Vietnam
- Viet Nam’s economic miracle
- India, Japan
- The “Chinese Commonwealth”
- Contemporary China
- Urbanization on a massive scale
- Energy intensive growth
- China investing in Africa, Latin America
- to secure trade/geopolitical relationships
- to ensure sources of food, raw materials
Assignment:
- Watch the rest of Nationalism vs Globalism with Yuval Harari (TED)
- Watch Understanding the Rise of China (TED)
- Read about the Belt and Road Initiative (Foreign Affairs)
