US-China rivalry in global trade governance | Kristen Hopewell

Global Development Institute podcast

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3y ago 41:53

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In this podcast, Kristen Hopewell, Canada Research Chair in Global Policy, presents research from her new book analyzing the impact of the growing US-China conflict on the multilateral trading system. Hopewell argues that China’s ascent has significantly weakened American control over the governing institutions of the trading system and its power to write the rules of global trade. The US and China are engaged in a pitched battle to set the rules of global economic competition, and the confrontation between these two dominant powers has paralyzed global trade rule-making. The China Paradox – the fact that China is both a developing country and an economic powerhouse – has created significant challenges for global trade governance. While China demands exemptions from global trade disciplines as a developing country, the US refuses to extend special treatment to its rival. The implications of this conflict extend far beyond trade, impeding pro-development and pro-environment reforms of the global trading system.You can find a transcript of this podcast here: https://hummedia.manchester.ac.uk/institutes/gdi/research/transcripts/us-china-rivalry-global-trade-governance-kristen-hopewell.pdf

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