'Imad Moosa reminds us that there are at least two sides to a relationship – including those in trade – and that failure of a relationship is rarely due to one side alone. Moosa handles the technicalities of exchange rates dexterously but reminds us constantly of the wider context of the trade relationships that determine them.' – Paul Rule, La Trobe University, Melbourne, Australia Dealing with a topic that has attracted significant media attention, this highly accessible book provides a detailed analysis of the trade dispute between China and the US. While the Americans accuse China of damaging their economy, the Chinese claim their policies are legitimate and that the US has no right to dictate how the Chinese economy should be run. Imad Moosa addresses contentious issues including: whether the Chinese currency is undervalued, whether the undervaluation of the yuan, should it exist, is the cause of the US trade deficit with China (hence revaluation being a justifiable cure) and whether Chinese economic policies are immoral and illegal according to IMF and WTO rules. This challenging and thought provoking book will prove a stimulating read for academics, researchers, students and policymakers with an interest in international economics, international finance, political economy and Asian studies.

As China continues its rise as a great power, The United States Congress and the administration wrestle with one another over the strategies to shape US-China economic relations. What major disputes now, and looming on the horizon, will shape future US-China relations? This book examines these issues and offers suggestions for both sides.

As China continues its rise as a great power, The United States Congress and the administration wrestle with one another over the strategies to shape US-China economic relations. What major disputes now, and looming on the horizon, will shape future US-China relations? This book examines these issues and offers suggestions for both sides.

This is the first comprehensive study by the world’s leading scholars about the political logic of the U.S.-China trade war that started during the Trump administration. The book is divided into three parts. The first part looks at changed leadership styles of the two countries in the last few years. It also examines the liberal international order since World War II in which the trade war emerged. It then explores the theoretical perspectives from both the United States and China that are related to the trade war. The second part is about the domestic factors that impacted on the trade war from China’s perspective. These factors include China’s institutional adaptation of the new international environment, the radicalization of the Chinese political discourse, and Big Power Diplomacy. The third part explores the U.S. domestic factors that impacted the trade war, such as the Trump administration’s different China policy in general, the role played by the U.S. Congress, business lobby, and the transition of foreign policy from a Wilsonian World Order to Jacksonian Nationalism.

China’s trade surplus is an essential question, but there are many popular misconceptions about it, a fact that prompted the creation of this book, On China's Trade Surplus. It will help readers to understand the manner in which China’s foreign trade and China’s role in global trade have developed, and to how to benefit from trade with China. In this book, many hot topics are analyzed, such as: What promotes China’s trade surplus? Why doesn’t it have a trade deficit? What are the relations between trade frictions and China’s trade surplus, and how can trade frictions be reduced? What is the deeper meaning of the U.S. trade deficit with China?

This book provides an analysis of the global trading system and its implications. The author uses network theory to examine the sustainability of the free trade system and its future. The book attempts to find out what the future of free trade could be and how the global trading system would unfold. The book assesses four main waves of challenges to free trade and open society: the COVID-19 pandemic, the US–China trade war, economic nationalism, and the Fourth Industrial Revolution. While some of these challenges have been casting their shadows on the global economic system for some time, others are relatively novel, and their full effects are yet to be seen. This book also looks at the challenges they would present to multilateralism and global trade development. This book will interest those who wish to have a better understanding of the US–China trade war and the challenges to the global trading system.