How trade with China threatens Western institutions : the economic roots of a political crisis / Robert Gmeiner.
Gmeiner, Robert, author.
2021
HF3836.5 .G64 2021
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Title How trade with China threatens Western institutions : the economic roots of a political crisis / Robert Gmeiner.
Author Gmeiner, Robert, author.
ISBN 9783030747091 (electronic bk.)
3030747093 (electronic bk.)
9783030747084
3030747085
DOI https://doi.org/10.1007/978-3-030-74709-1
Published Cham : Palgrave Macmillan, [2021]
Copyright ©2021
Language English
Description 1 online resource
Other Standard Identifiers 10.1007/978-3-030-74709-1 doi
Call Number HF3836.5 .G64 2021
Dewey Decimal Classification 382.095101821
Summary This book evaluates the institutional environments of China and the United States, and the West more broadly, and how they affect their trading relationship, with specific emphasis on intellectual property theft and other allegations of unfair competition. The economic and political characteristics of the two countries affect the balance of power in their trading relationship, with ramifications far beyond jobs and output. The major theme is Chinas ability to free ride on Western institutions through intellectual property theft and extortion. This free riding is far more than just infringing patents and reaping profits; it creates a combination of incentives for political pressures in the West that diminish the free market and liberal Western values. The result is the classic result of free riding underprovision, or degeneration, of the Western institutions that made the West prosperous and free. At the same time, Chinas economic might, military prowess, and global soft power increase, often with deleterious effects for freedom and free markets. This book is distinctive because it integrates public choice ideas about economic institutions, state action, and strategic behavior into international trade. It also takes account of the economic characteristics of China and the West and explains why they present a situation that is fundamentally different from other trade disputes. Institutions and political influence are central to this books analysis of trade, which can be more dangerous and more disguised than the welfare gains from trade. Providing a concise and lucid distillation of pressing issues, this book is critical reading for scholars studying trade with China and its effects on both global and Western innovation, economic output, soft power, and freedom more broadly. Robert Gmeiner is Assistant Professor of Economics at Methodist University in Fayetteville, North Carolina, USA.
Bibliography, etc. Note Includes bibliographical references and index.
Access Note Access limited to authorized users.
Source of Description Description based on print version record.
Available in Other Form How trade with China threatens Western institutions.
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Chapter 1. Introduction
Chapter 2. Chinas Economy and Success without Freedom
Chapter 3. The American Economy and Institutions with Sino-U.S. Trade
Chapter 4. Specific Problems in the U.S.-China Trade Relationship
Chapter 5. Institutional Free Riding, etc.

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