Tesco
Transatlantic Divergences in Globalisation and the China Factor
Report

Transatlantic Divergences in Globalisation and the China Factor

Jeanne Metivier, Mattia Di Salvo and Jacques Pelkmans
CEPS, 2017
Get the Report

Read or listen offline

автоматическое преобразование текста в аудио
  • 0.5×
  • 0.75×
  • 1×
  • 1.25×
  • 1.5×
  • 1.75×
1×
автоматическое преобразование текста в аудио

Editorial Rating

8

Qualities

  • Controversial
  • Analytical
  • For Experts

Recommendation

The issue of globalization is contentious: Detractors howl about jobs lost as firms relocate operations overseas, while proponents point to reduced costs. As rising nationalism in the United States threatens to reverse globalization’s momentum, this astute and timely report from researchers Jeanne Metivier, Mattia Di Salvo and Jacques Pelkmans underscores the differences between the American and the European Union approaches to global trade. The authors write more for the economist than the general reader, but even nonprofessionals can, with some effort, grasp its critical points. getAbstract finds their paper to be especially relevant now, given the ongoing debate on globalization. 

Take-Aways

  • The European Union and the United States have assumed strikingly different positions with respect to globalization: While the US increasingly looks inward, the EU has expanded its efforts to forge trade alliances.
  • The EU maintained a global surplus in trade from 2012 to 2015, while the US trade deficit continued to grow during that span.
  • EU industries embed more added value into exports to China and other countries than do US sectors.

About the Authors

Jeanne Metivier, Mattia Di Salvo and Jacques Pelkmans are researchers at CEPS.

Comment on this summary or Начать обсуждение