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The World Trade SystemTrends and Challenges$
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Jagdish N. Bhagwati, Pravin Krishna, and Arvind Panagariya

Print publication date: 2017

Print ISBN-13: 9780262035231

Published to MIT Press Scholarship Online: September 2017

DOI: 10.7551/mitpress/9780262035231.001.0001

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The Trans-Pacific Partnership: Perspectives from China

The Trans-Pacific Partnership: Perspectives from China

(p.231) 8 The Trans-Pacific Partnership: Perspectives from China
The World Trade System

Dimitar D. Gueorguiev

Mary E. Lovely

The MIT Press

Just as transatlantic trade networks transformed the 20th century, trade in the Pacific is poised to recast the 21st, with the US-China relationship as the most consequential node. What kind of trade relations are likely to arise, under whose terms, and at what costs? Leveraging the short-lived rise of the Trans-Pacific-Partnership (TPP), we examine the challenges faced by both the US and China as they compete in shaping the region’s future trade regime. Focusing on economic, strategic, and domestic incentives, we conclude that China will not settle for an American led regime and that rivalry is likely to spawn a broader, albeit shallower, trade network in the region.

Keywords:   Trade, Trans-Pacific Partnership, Political Economy, US-China, Globalization

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