Trade Protectionism: End of the Era of Economic Globalization?

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Presentation transcript:

Trade Protectionism: End of the Era of Economic Globalization? International Research and Practical Conference, Krasnoyarsk 2018 Trade Protectionism: End of the Era of Economic Globalization? Dr. Prof. Guo Xuetang Director, Institute of International Strategy and Policy Analysis Deputy Dean, Law School Shanghai University of International Business and Economics xtguo99@gmail.com

I. The Inaction between Geopolitics and Geoeconomics The rise and fall of big powers and intensification of geopolitical competition The Indo-Pacific Region Geopolitics? The US Indo-Pacific Strategy; Shanghai Cooperation Organization, The Middle East and Ukraine Geo-economics? B&R Initiative(China), BRICs, Asia-Africa Economic Growth Corridor(Japan-India), the Russia-led Eurasian Economic Union (EEU)

NSS: ”A geopolitical competition between free and repressive visions of world order is taking place in the Indo-Pacific region.” 美国国家安全战略报告：“是自由还是压迫两种世界秩序观之间的地缘政治竞争即将在印太地区展开。”

Trade protectionism as a foreign policy means on the basis of safeguarding national interests. The truth of US-China trade war China-Russia cooperation: Political, economical and military The EU, Japan, India, South Korea, etc.

II. The End of Economic Globalization？ A new round of tariffs on China, slapping a 10 percent tax on a $200 billion list of Chinese imports ranging from consumer goods to manufacturing materials. The US sanctions against on Russia The disorder of international system: economic order (WTO, IMF, WB), political order (UN)

End of Economic Globalization? Economic globalization: very important for the economic growth of rising powers like China, Russia, India, Turkey, South Africa… … Interdependence on world market Integration of industrial value and logistics chains Globalization and Regionalization? The geopolitical view: China-Russia cooperation in the Eurasian Continent (SCO/NATO/US-Japan-South Korea……) The economic view: China-Russia-India supporting multilateralism and economic globalization, cooperation against trade protectionism How about the position of EU, Japan, South Korea?

III. Will China-Russia Cooperation be Stronger? A new kind of power balance: To enhance communication in international and regional issues, and fight against unilateralism and protectionism. bilateral trade volume reached over $84billion in2017, $100 billion expected in 2019 To expand cooperation in energy, agriculture, scientific and technological innovation, finance, e-commerce and people-to-people exchanges taking the opportunity of the Year of China-Russia Local Cooperation and Exchange in 2018 and 2019.

谢谢！