Yellowstone Trails by Mark Marschall

Yellowstone Trails by Mark Marschall

Some believe in the Thucydides Trap the idea that, since a rising power will challenge the dominance of an established one, a China-U.S. trade war will be inevitable. Being the largest and the second largest trading nations globally, the U.S. and China are in fact each other's most important trading partners, among many aspects of their complex interrelationships.

In this book, Lawrence J. Lau examines various economic statistics of the past few decades to show that while the real effects of the China-U.S. trade war in 2018 are not negligible, they are relatively manageable for both nations. There is no need to panic, despite psychological effects on the Chinese stock markets and on the renminbi exchange rate. Behind the trade war is the potential economic and technological competition between China and the U.S., which is likely to become the new normal. It is up to each government to battle against the rise of xenophobia, based on the fact that China-U.S. economic collaboration is a potentially positive-sum game through better coordination and fully utilizing each other's currently underutilized resources. Balancing China-U.S. trade and enhancing economic interdependence are not only possible, but desirable.

SKU	Unavailable
ISBN 13	9780892881970
ISBN 10	0892881976
Title	Yellowstone Trails
Author	Mark Marschall
Condition	Unavailable
Binding Type	Paperback
Publisher	Yellowstone Association for Natural Science & History
Year published	1990-06-01
Number of pages	240
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.
Note	Unavailable