Regional Disproportions in the System of US Foreign Trade

DOI

10.2991/aebmr.k.200312.311How to use a DOI?

Abstract

Article is dedicated to the trade and investment cooperation of USA with EU at the present time with taking into account current conditions of international trade uncertainty caused by US’ external economic policy transformation into the direction of protectionism, «trade war» with China and potential trade and tariff opposition with EU. At the same time the authors took attempts to develop several prospects of events’ development concerning potential US-EU trade and investment agreement in conditions of present US import tariff increasing. Analysis of US-EU trade cooperation, its dynamic, directions and specialization leads the authors to the conclusion that the key feature of US-EU ties is so called «an effect of economic anamorphosis», the concept of which is the critical domination of the weight and share of limited list of partners in the system of bilateral cooperation, when one of the partners is regional economic integration, and the biggest share of trade, capital, human and other flows is attracted by these determined limited list of countries. Such situation can be estimated as disproportion of partner’s estimation and evaluation by each other. It means that economic integration is estimated not as the complex partner and subject of the global economy but with the using of deduction method. At the same time «an effect of economic anamorphosis» on the example of US and EU can lead to the revision of regional economic integration theory.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Y A Konovalova
AU  - S A Ushanov
PY  - 2020
DA  - 2020/03/17
TI  - Regional Disproportions in the System of US Foreign Trade
BT  - Proceedings of the International Scientific Conference "Far East Con" (ISCFEC 2020)
PB  - Atlantis Press
SP  - 2256
EP  - 2264
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200312.311
DO  - 10.2991/aebmr.k.200312.311
ID  - Konovalova2020
ER  -