Deglobalization: China-US Rivalry in the Innovation Economy

The US-China conflict is driving deglobalization,with the US adopting a counter-strategy to stem Chinese technological expansion. The book analyzes US-China relations from a systemic thinking approach, focusing on the emerging innovation economy and offering policy suggestions to promote effective macroeconomic policies and extend microeconomic cooperation schemes.

Format: Hardback
Length: 186 pages
Publication date: 11 December 2023
Publisher: Taylor & Francis Ltd

The escalating tension between the United States and China is inherently driving a process of deglobalization, with historical preconditions laid out in this comprehensive exploration. The book delves into the second wave of globalization, fueled by technological competition between the two nations and China's expansion along the New Silk Road. It distinguishes between the Old Globalization, characterized by cost competition, and the New Globalization, marked by the emergence of new competencies and skills, particularly in technology. The second wave, propelled by technological innovations, serves as a catalyst for the United States to develop a counter-strategy to curb China's technological expansion, ultimately leading to deglobalization.

The book adopts a systemic thinking approach to analyze US-China relations, focusing on the emerging innovation economy as a source of tension and deglobalization. Grounded in evolutionary economics, it employs conceptual generalization to describe, analyze, theorize, and apply real-world cases. The central message is that the future economy will be characterized by coordinated wave movements, alternating between periods of economic growth primarily driven by private capital and economic downturns that necessitate collective solutions and government interventions.

The book offers policy recommendations to navigate this evolving landscape, including promoting effective macroeconomic policies and enhancing microeconomic resilience. It emphasizes the importance of international cooperation, dialogue, and collaboration to address global challenges and foster a more stable and prosperous global economy.

Weight: 530g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032497761