Clash of Powers: US-China Rivalry in Global Trade Governance [Hardcover]

One of the first analyses of the impact of US-China rivalry on the governance of global trade.Trade has become a flashpoint of conflict between the US and China. This book analyzes a critical aspect of their growing rivalry:?their battle over the international rules and institutions governing trade.?China's rise has significantly weakened American control over global trade institutions and its power to write the rules of global trade.Trade has become a flashpoint of conflict between the US and China. This book analyzes a critical aspect of their growing rivalry:?their battle over the international rules and institutions governing trade.?China's rise has significantly weakened American control over global trade institutions and its power to write the rules of global trade.The US-China trade war instigated by President Trump has thrown the multilateral trading system into a crisis. Drawing on vast interview and documentary materials, Hopewell shows how US-China conflict had already paralyzed the system of international rules and institutions governing trade. The China Paradox  the fact that China is both a developing country and an economic powerhouse  creates significant challenges for global trade governance and rule-making. While China demands exemptions from global trade disciplines as a developing country, the US refuses to extend special treatment to its rival. The implications of this conflict extend far beyond trade, impeding pro-development and pro-environment reforms of the global trading system. As one of the first analyses of the implications of US-China rivalry for the governance of global trade, this book is crucial to our understanding of China's impact on the global trading system and on the liberal international economic order.Introduction; 1.The Doha Round Impasse; 2. The New Politics of Agricultural Subsidies: A US-China Battle; 3. The Dragon in the World's Oceans: Fisheries Subsidies; 4. Beyond the WTO: Erosion of the Export Credit Arrangement; 5l#g