China’s Most-Favored-Nation Trade Status Essay

explained, in part, by the historical and political evolution of China as it emerged from

In history, We often point to the 1970s as the starting point for US-China trade, but I found that actually it can go back to the 18th century after the American Revolution. At that time, Americans got tea, silk, and porcelain was primarily through the British East India Company, but there was also a lot of smuggling going on at the same time. Anyway, it wasn't that the Americans went to China to get these goods (Christina). Later, Americans got well involved in the China trade after they beat the British in the revolution. After the war finished, the British East India Company's monopoly did not exist any more, so the Americans could go to China and they did by driving (Christina). Besides, another element that gave them the financial

Economic sanctions are a way of putting pressure onto a country, when they are acting in a way another country does not agree with. There are a number of different types of economic sanctions. One form of an economic sanction is a trade embargo, which is stopping the trade or sales between two countries. From the 1960’s until last summer, the United States had placed a trade embargo on Cuba, stopping any Americans from selling merchandise in Cuba, and Cubans from selling in America. This trade embargo had been placed on Cuba because Fidel Castro became the leader of Cuba, turning the country of Cuba communist. America, being against communism, decided to place a trade embargo on the country, therefore preventing Cuba to make a profit by selling any goods to America. Further, the United Nations have placed numerous sanctions on Iraq, beginning when Iraq invaded Kuwait. The United Nations’ intent by placing the trade sanctions were to try to get them to withdraw from the country of Kuwait, instead of engaging in

The U.S. trade deficit has risen more or less steadily since 1992. In the second quarter of 2004, the trade deficit relative to GDP surpassed the 5 percent mark for the first time. Many economists already considered trade deficits above 4 percent of GDP dangerously high. The fear is that continued growth in this external imbalance of the U.S. economy will ultimately spook overseas investors. http://www.americanprogress.org/issues/2004/09/b193700.html

This causes US exports to become less competitive and Chinese imports more attractive, ultimately increasing foreign demand. The US should feel threatened by a potential loss of domestic demand causing a loss in available jobs in the US (Pettinger 2011). US consumers are able to purchase Chinese goods at a lower price at the expense of a decreased demand for US goods, leading to a less robust export economy in the US. The US should propose legislation to impose sanctions to limit the risk the US faces concerning weak growth, larger trade deficits, and increased unemployment. On the other hand, the US should halt the threat to propose legislation for fear of decreased buying power of Chinese goods. In favor of the sanction, the US’s current focus in on jobs rather than buying power providing a greater economic benefit to the US by threatening

The United States has been implementing sanctions against Iran for many years, although recently, the US has significantly increased the sanctions in an effort to force Iran to reconsider their nuclear program.

Firstly, we all need to be clear on what sanctions regimes are and how they are set out. Financial and Trade Sanctions are part of a package of measures applied by individual countries, International Organisations or Regional Bodies to fight aggression, terrorism, criminal behaviour or violations of human rights. These Sanctions measures are intended to

Foreign trade with China dates all the way back to 206 BC – 220 AD during the Han Dynasty when the Silk Road was first established. Since then, the world has developed into an interconnected web of relationships that has linked empires across the globe. The foundation of these ties was formed upon the physical exchange of commodities such as porcelain and silk. These transactions have more than just satisfied the demands of eager consumers. They have led to an intricate network of contacts unifying East Asian countries with the distant nations of Europe and North America. The results of these cross-cultural interactions are vividly portrayed in an oil painting of Canton titled “View of Foreign Factories,” which hangs inside the Peabody Essex Museum in Salem, Massachusetts. Designed by Chinese artist Sun Qua, the picture depicts not only the emerging assimilation of economies, but also the spread of architecture, technology, and the integration of foreign culture into Chinese life.

To most of the world, sanctions are a mixed blessing. On the one hand, they reinforce trade rules and promote respect for them. On the other hand, they tend to undermine the principles of free trade and provoke a kind of ‘trade envy’(Charnovitz) in other international organizations.

U.S. and Europe have imposed trade sanctions against China for the reason that China failed to

Chinese international relations and historian Yong Deng’s latest novel, China’s Struggle for Status, analyzes China’s rise in power and it’s future trajectory according to his research. The novel was released during what many consider the peak of China’s growth, or at least when the world was witnessing the prosperity of their country, the 2008 Beijing Olympics.

This paper will explore whether political economists can gain a useful insight into the utility of economic sanctions if they utilise game theoretical modelling. It will explore the various strengths and weaknesses of using such models, and whether there are any ways to rectify these weaknesses. My hypothesis is that game theory is a highly useful model for understanding sanctions, however the framework by which one analyses can vary and alter the games. Realists frameworks can allow us to gain a little insight, but game theory seems to yield more impressive insights when used within an institutionalist framework. The next step for the leading game theorist scholars in international affairs, is to improve on existing models by

With a series reform policies began to take place in 1978, China started to open up its markets and to develop extensive relationships with new trading partners all around the world. China’s accession to the world Trade Organization (WTO) in 2001 has accelerated the growth of its foreign trade still further. The more China’s foreign trade activities mean more trading partners, and china had already established trading relationship with more than 200 countries and regions all around the world. At the same time, annual production volume gradually increased for all major textile product categories, and china gradually began to play an important role in international textile industry trade. The ongoing process of market opening was accompanied

As a WTO member, China would be able to participate in the formulation of rules governing international trade and investment. At the same time, China would be able to protect its trade interests using the existing WTO dispute settlement system. Chinese exporters will benefit from the fact that their trading partners must comply with WTO rules. This means, for example, that WTO members will not be able to take on discriminatory measures against Chinese goods.

Trade sanctions are often associated with a retaliatory action in a trade dispute. Earlier, we looked at the case involving the US and the EU. The WTO had authorized the US to impose sanctions against the EU’s resulting from its ban on hormone beef imports from the US. The WTO is the body set up to promote free trade, and thus, it is strange to see the WTO supporting trade sanctions. However, in this particular case, the WTO judged the best action to be trade sanctions. Then, along with the negative impacts, sanctions can offer positive impacts on trade if applied with the proper and justifiable intention. David Baldwin, a professor of World Order Studies, argues that an economic sanction and free can be compatible. At first glance, this