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An Awkward Dance: China and the United States

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Author Info

  • Prasad, Eswar

    () (Cornell University)

  • Gu, Grace

    () (Cornell University)

Abstract

China and the U.S. have a close but complicated economic relationship. This note provides a fuller picture of the tightening embrace between the two countries – in terms of flows of goods and services, financial capital and people – and discusses the potential flashpoints in this relationship. This bilateral relationship is important not just for the principals but also for the broader world economy as the cooperative or conflicted nature of this relationship will set the tone for progress on a number of multilateral issues, including reform of the international monetary system and tackling climate change.

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Bibliographic Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Policy Papers with number 13.

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Length: 23 pages
Date of creation: Nov 2009
Date of revision:
Handle: RePEc:iza:izapps:pp13

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Related research

Keywords: China-U.S. relationship; China's exchange rate regime; renminbi; trade;

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