We're excited to bring you an installment of our Great Decisions discussion series, and today's topic couldn't be more relevant. We're diving into the complex and pressing issue of the US-China Trade Rivalry, a subject that's on everyone's minds due to its far-reaching implications.
In this session, we were honored to welcome Dr. Sanjay Paul from Elizabethtown College. Dr. Paul, an esteemed economics professor, provided invaluable insights into the ongoing trade tensions between the United States and China. He shared his expertise on how these rivalries extend beyond trade, touching on various dimensions that could provoke anxiety on a global scale.
Key Highlights from the Discussion:
Global System Evolution: Dr. Paul began by contextualizing the global system's evolution over the past century, highlighting the shift from a multipolar world to the current tripolar system involving the US, China, and the Russian Federation.
China's Economic Rise: Dr. Paul emphasized China's remarkable economic transformation, initiated by the transition from Mao Zedong's ideological communism to Deng Xiaoping's pragmatic approach, leading to the establishment of Special Economic Zones (SEZs) and unprecedented economic growth.
Strategic Economic Policies: He discussed the strategic economic policies implemented by China's leaders, including current president Xi Jinping, whose aggressive stance contrasts with Deng's philosophy of "hide our capabilities and buy our time."
China's Trade Strategies: From investing in global infrastructure through the Belt and Road Initiative to creating a trade surplus and engaging in economic espionage, China's multifaceted trade strategies have significant implications for global trade dynamics.
US Policy Responses: Dr. Paul explored the US's response to China's economic policies, emphasizing the need for better data to understand the true nature of the US-China trade relationship and the potential future strategies, including punitive measures and decoupling from China's supply chain.
Listen to the Full Discussion
For a more comprehensive understanding of this critical issue, we encourage you to listen to the full discussion audio with Dr. Sanjay Paul. His insights are essential for anyone interested in global economics, international relations, and the future of global trade.
Thank you for being part of our community and supporting the World Affairs Council of Harrisburg. We look forward to engaging with you in future discussions.
This Great Decisions Lecture was recorded on Mar 11, 2024
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