The China-OECD trade divide: building bridges.

Today's largest trade frictions stem from differences between China and the OECD regarding the appropriate role of government. There are two types of differences. The first are legitimate attitudinal differences towards industrial policy (the use of subsidies), competition policy (the use of forced...

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Publicado en:China Economic Journal Vol. 12; no. 2; pp. 195 - 208
Autor principal: Trefler, Daniel
Formato: Artículo
Publicado: Taylor & Francis Ltd Jun2019
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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      dt: Jun2019
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      pub: Taylor & Francis Ltd
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        atl: The China-OECD trade divide: building bridges.
      aug:
        au: Trefler, Daniel
        affil:
          Rotman School of Management and Department of Economics, University of Toronto
          Canadian Institute for Advanced Research (CIFAR)
          National Bureau of Economic Research (NBER)
      su:
        China
        Organisation for Economic Co-operation & Development
        World Trade Organization
        Intellectual property
        Political science
        Class differences
        Building trades
        Industrial policy
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          Intellectual property
          Political science
          Class differences
          China
          Organisation for Economic Co-operation & Development
          World Trade Organization
          Administration of General Economic Programs
          International and other extra-territorial public administration
          International Affairs
          Building trades
          Industrial policy
      ab: Today's largest trade frictions stem from differences between China and the OECD regarding the appropriate role of government. There are two types of differences. The first are legitimate attitudinal differences towards industrial policy (the use of subsidies), competition policy (the use of forced industry consolidation), and innovation policy (weak protections of intellectual property). China and the OECD will have to reach an accommodation on these differences if the end game is a rules-based trading system. Accommodation is possible, but unfortunately, both the US and China are adopting bullying tactics that diminish the effectiveness of the WTO and threaten the current rules-based system. The second class of differences is political and reflects China's intentional lack of policy transparency and its generosity towards favoured firms. These differences will never be WTO compliant and China must either reform or give up its access to OECD markets.
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      src: R
    language: English
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