Chinese–US Economic Relations After the Global Financial Crisis

The global financial crisis has had three profound effects on Sino–American relations. First, China and the United States have become a de facto Group of Two (G2), largely by default, as Europe and Japan have fallen on even harder times than the United States and because Indiaʹs development path is...

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Bibliographische Detailangaben
1. Verfasser:	Geoffrey Garrett
Format:	Buchkapitel
Sprache:	eng
Schlagworte:	Applied sciences Balance of trade Business Business economics Business operations Cell phones Commerce Commercial production Domestic product Economic conditions Economic crises Economic disciplines Economic principles Economic systems Economics Engineering Exports Financial economics Gross domestic product International economic organizations International economic relations International economics International financial institutions International political organizations Macroeconomics Mobile communications Net exports Political organizations Political science Production factors Production output Smartphones Sustainable economies Sustainable global economy Telecommunications Trade Trade deficits Wireless telecommunications
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Zusammenfassung:	The global financial crisis has had three profound effects on Sino–American relations. First, China and the United States have become a de facto Group of Two (G2), largely by default, as Europe and Japan have fallen on even harder times than the United States and because Indiaʹs development path is at least 15 years behind Chinaʹs. Second, the speed with which China is catching up to the United States has increased, with the mid-2020s projected as when China will pass the United States to become the worldʹs largest economy—though it will then still be a much poorer and