Tan, Sook Rei, Wood, Jacob, and Jang, Haejin (2024) The Impact of Trade Conflict on Economic Development in Asia. In: Tan, Sook Rei, Jang, Haejin, and Wood, Jacob, (eds.) Economic Growth and Development in the Tropics. Routledge Advances in Business, Industry and Trade in the Tropics . Routledge, London, United Kingdom, pp. 122-133.

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Abstract

The US–China trade war has had a significant impact on not only the countries directly involved but also their trading partners. The conflict has therefore had a range of economic and geopolitical impacts that directly affect the Asian region. In order to better understand this impact, our study examines the nature of the US–China relationship and how it has evolved in recent decades. The study also highlights the fact that in addition to these developments has been the shift away from traditional globalist orthodoxies that formed the basis of economic development in the post-World War II era, to an increasingly protectionist, nationalistic view of trade. As the global economies emerge from the shadows of the still ongoing COVID-19 pandemic, the ability to respond positively to these challenges and also fend off demands for a more protectionist trade policy narrative will be critical. As such, our study also outlines not only the economic development impact of the US–China trade war on Asian economies but also the types of policies that could be implemented to drive a positive growth agenda moving forward.

Item ID:	81747
Item Type:	Book Chapter (Research - B1)
ISBN:	9781003349204
Related URLs:	Publisher
Copyright Information:	© 2024 selection and editorial matter, Sook Rei Tan, Haejin Jang and Jacob Wood; individual chapters, the contributors
Date Deposited:	07 Feb 2024 03:29
FoR Codes:	38 ECONOMICS > 3801 Applied economics > 380110 International economics @ 100%
SEO Codes:	15 ECONOMIC FRAMEWORK > 1501 International trade policy > 150199 International trade policy not elsewhere classified @ 50% 15 ECONOMIC FRAMEWORK > 1502 Macroeconomics > 150203 Economic growth @ 50%
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