Explaining US-China Trade War: Clash Between Core Country and Semi-Periphery Country

DOI

10.2991/assehr.k.210806.177How to use a DOI?

Keywords

Trade War, deglobalization, Sino-China relation, core country vs. semi-periphery country, Capitalist world system

Abstract

The article aims to take the Sino-US trade war as an example. By discussing the performance and reasons of the Sino-US trade war, analyzing the advantages and costs of the semi-periphery countries and core countries during the globalization in the 30 years, to explore the nature of globalization and the reasons of de-globalization. This round of globalization began in 1979, with the decoupling of the dollar from gold under the collapse of the Bretton Woods system and the prevalence of neoliberalism, peaking on the eve of the 2008 financial crisis. After that, with the bursting of the world’s economic bubble, the global trend was reversed by the rise of protectionism and the rise of populist politics. This paper takes the case study method, taking the performance and reason of the Sino-US trade war as the case, analyzing the evolution status of China and the United States in the field of international relations in 30 years with this round of globalization. The cost of American as the central country under the anchorless monetary system is the ultimate reason for de-globalization. Although the dollar, as the world’s mainstream currency, has brought many benefits to the United States, it has, in turn, led to the loss of U.S. manufacturing, leading to serious disparities between rich and poor and global trade imbalances. Studying this topic will help better understand the nature of globalization under the prevalence of neoliberalism, understand the evolution of international relations and the power game of great powers, the game between central and peripheral countries, and understand the Sino-US relations the new era.

Copyright

© 2021, 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  - Mingze Xiu
AU  - Kelvin Liu
AU  - Hongduo Han
PY  - 2021
DA  - 2021/08/09
TI  - Explaining US-China Trade War: Clash Between Core Country and Semi-Periphery Country
BT  - Proceedings of the 2021 5th International Seminar on Education, Management and Social Sciences (ISEMSS 2021)
PB  - Atlantis Press
SP  - 936
EP  - 941
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210806.177
DO  - 10.2991/assehr.k.210806.177
ID  - Xiu2021
ER  -