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A US-EU Economic Block versus China? How Viable is it? A Note

Listed author(s):
  • Beretta, Silvio

    ()

    (Università di Pavia, Facoltà di Scienze Politiche, Dipartimento di Economia Pubblica e Territoriale)

  • Iannini, Giuseppe

    ()

    (Università di Pavia, Facoltà di Scienze Politiche, Dipartimento di Economia e Statistica applicate “Libero Lenti”)

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    The paper provides a brief analysis of commercial relations between China and the US, both direct and via the so-called ‘Asian circuit’. Special emphasis is laid on how production systems in the US and Asia are interdependent. In the light of these relationships and those existing between China and Japan and China and the EU, it seems that a US-EU block, in the context of the present geostrategic and economic situation, is not only unworkable, but also incompatible with the political and economic strategies of China and the United States.

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    File URL: http://www.iei1946.it/RePEc/ccg/BERETTA%20IANNINI%20409_420.pdf
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    Article provided by Camera di Commercio Industria Artigianato Agricoltura di Genova in its journal Economia Internazionale / International Economics.

    Volume (Year): 60 (2007)
    Issue (Month): 4 ()
    Pages: 409-420

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    Handle: RePEc:ris:ecoint:0046
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    1. Chad P. Bown & Meredith A. Crowley & Rachel McCulloch & Daisuke J. Nakajima, 2005. "The U.S. trade deficit: made in China?," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q IV, pages 2-18.
    2. Guillaume Gaulier & Françoise Lemoine & Deniz Ünal-Kesenci, 2005. "China’s Integration in East Asia: Production Sharing, FDI & High-Tech Trade," Working Papers 2005-09, CEPII research center.
    3. Qin, Duo & Cagas, Marie Anne & Ducanes, Geoffrey & He, Xinhua & Liu, Rui & Liu, Shiguo & Magtibay-Ramos, Nedelyn & Quising, Pilipinas, 2007. "A macroeconometric model of the Chinese economy," Economic Modelling, Elsevier, vol. 24(5), pages 814-822, September.
    4. Ingrid France, 2005. "Le rôle du Japon dans le processus de régionalisation en Asie," Post-Print halshs-00098281, HAL.
    5. Matthieu Bussière & Bernd Schnatz, 2009. "Evaluating China’s Integration in World Trade with a Gravity Model Based Benchmark," Open Economies Review, Springer, vol. 20(1), pages 85-111, February.
    6. Garcia-Herrero, Alicia & Koivu, Tuuli, 2007. "Can the chinese trade surplus be reduced through exchange rate policy?," BOFIT Discussion Papers 6/2007, Bank of Finland, Institute for Economies in Transition.
    7. Mohamed Hedi Bchir & Michel Fouquin, 2006. "Economic Integration in Asia: Bilateral Free Trade Agreements Versus Asian Single Market," Working Papers 2006-15, CEPII research center.
    8. W. Max Corden, 2007. "Those Current Account Imbalances: A Sceptical View -super-1," The World Economy, Wiley Blackwell, vol. 30(3), pages 363-382, 03.
    9. Sigurdson, Jon, 2004. "China Becoming A Technological Superpower – A Narrow Window Of Opportunity," EIJS Working Paper Series 194, The European Institute of Japanese Studies.
    10. Haddad, Mona, 2007. "Trade integration in East Asia : the Role of China and production networks," Policy Research Working Paper Series 4160, The World Bank.
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