Trading

Schism: China, America and the Fracturing of the Global Trading System – Book Review – USAPP American Politics and Policy (blog)

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 China and its impact on trade and the international order. The book chronicles the gap between the way China and its one-party state manage its economy and the liberal internationalist prescriptions undergirding the WTO. Schism examines the WTO accession negotiations with the US government during the late 1990s and illustrates the personal efforts of such negotiators as
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