U.S.-China Economic Relations: Globalization or Decoupling?
For three decades after China’s economic opening in 1979, and especially after China’s 2001 accession to the WTO, U.S.-China economic relations were based on a U.S. assumption that China would integrate into the U.S.-backed international economic order. China’s rapid growth and adherence to a state-oriented economic model, however, combined with globalization’s challenges to the liberal economic system, have significantly increased tensions between the world’s two biggest economies. This course examines the factors driving economic friction between the United States and China, and is divided into four sections. The course is taught by a practitioner who spent over a decade managing U.S. Government economic policy in and on China.