We use cookies to provide some features and experiences in QOSHE

More information  .  Close
Aa Aa Aa
- A +

The Cooperative Rivalry of US-China Relations

19 0 1
06.11.2018

CAMBRIDGE – On a visit to Beijing in October, I was often asked whether US Vice President Mike Pence’s recent harsh criticism of China marked the declaration of a new cold war. I replied that the United States and China have entered a new phase in their relationship, but that the cold war metaphor is misleading.

Nov 6, 2018 Joseph E. Stiglitz sees two main reasons why the will of the majority of citizens is being consistently thwarted.

During the Cold War, the US and the Soviet Union targeted tens of thousands of nuclear weapons at each other and had virtually no trade or cultural ties. By contrast, China has a more limited nuclear force, annual Sino-American trade totals a half-trillion dollars, and more than 350,000 Chinese students and three million tourists are in the US each year. A better description of today’s bilateral relationship is “cooperative rivalry.”

Since the end of World War II, US-China relations have gone through three phases that lasted roughly two decades each. Hostility marked the 20 years after the Korean War, followed by limited cooperation against the Soviet Union during the phase that followed President Richard Nixon’s famous 1972 visit.

The Cold War’s end ushered in a third phase of economic engagement, with the US helping China’s global economic integration, including its entry into the World Trade Organization in 2001. Yet in the first post-Cold War decade, President Bill Clinton’s administration hedged its bets by simultaneously strengthening the US-Japan alliance and improving........

© Project Syndicate