In Schism: China, America and the Fracturing of the Global Trading System, Paul Blustein dives below the foam and froth of the China-US bilateral rivalry to craft a critical understanding of China and its impact on trade and the international order. The book is useful reading for those seeking to understand the ‘China Shock’ and the ensuing trade conflict between China and the US, writes Mark S. Langevin, delivering a thoughtful call for more bilateral cooperation.
Schism: China, America and the Fracturing of the Global Trading System. Paul Blustein. Centre for International Governance Innovation. 2019.
No country has benefited more from the global trading system or challenged its liberal internationalist precepts more than China. The United States and its allies embraced the challenge of incorporating a post-revolutionary China at the dawn of the 21st century. Two decades later, everyone is on the defensive as China and the US square off in successive tariff skirmishes. Paul Blustein’s Schism: China, America and the Fracturing of the Global Trading System treats the global trading system by examining China’s accession to the World Trade Organisation (WTO), bilateral negotiations with the US under the Bill Clinton administration during the late 1990s, the ‘China Shock’ (denoting the consumer and labour market impacts of China’s rapid market integration in the 1990s and its accession to the WTO) and the run-up to the US government’s trade war against China.
Schism dives below the foam and froth of the China-US bilateral rivalry to craft a critical understanding of