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United States and China: Changing in World Economic Positions?

Author

Listed:
  • Zoltán Nagy

    (University of Miskolc)

  • Tekla Sebestyén Szép

    (University of Miskolc)

Abstract

Trends in the last decades, such as the rapid development and rising of China or the convergence of its absolute economic indicators to those of the USA, are significant elements of today's world economy. In this paper we analyze the external trade of these two economic powers: the focus of the research is on the openness of trade, the import and export structure and economic interdependence. The main questions are to what extent the external trade of the two examined countries is interdependent and whether the current Chinese economic growth is sustainable.

Suggested Citation

  • Zoltán Nagy & Tekla Sebestyén Szép, 2011. "United States and China: Changing in World Economic Positions?," Theory Methodology Practice (TMP), Faculty of Economics, University of Miskolc, vol. 7(01), pages 67-75.
  • Handle: RePEc:mic:tmpjrn:v:7:y:2011:i:01:p:67-75
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    File URL: http://tmp.gtk.uni-miskolc.hu/volumes/2011/01/TMP_2011_01_08.pdf
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    More about this item

    Keywords

    external trade openness; world economic positions; position change;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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