USEUROPEAFRICAASIA 中文雙語Fran?ais
    Home / World

    Study sees US, China as global economic referees

    By Joseph Boris in Washington | China Daily | Updated: 2013-04-13 07:53

    As the world's top economies, the United States and China should pick up where international bodies have failed and assert leadership to better govern the global economy, two academics say in a new study.

    "In our perspective, both China and the United States need to be more responsible stakeholders," said Scott Kennedy, director of Indiana University's Research Center for Chinese Politics and Business.

    At a talk in Washington on Thursday with his report co-author, He Fan of the Chinese Academy of Social Sciences, Kennedy borrowed the now-familiar phrase from a 2005 speech in which then-US deputy secretary of state Robert Zoellick urged China "to become a responsible stakeholder" in bodies such as the World Trade Organization.

    "His point was that he hoped China would not only live up to its commitments that it had made to the WTO and other international organizations, but that it would take on more of a leadership role - a productive leadership role - in these various organizations," Kennedy said. "We think that's true, but we think the same is exactly true for the United States.

    "Just as (with) China, there are times when the United States doesn't live up to its commitments and doesn't play the leadership role that it ought to play in global governance" over trade, investment and finance, he said while presenting the report at the Woodrow Wilson International Center for Scholars.

    Kennedy and He wrote that global governance has "stalled", citing examples such as the WTO's long-suspended Doha round of trade negotiations and a less-active role by the Group of 20 countries in addressing frictions in the world economy. The leadership vacuum has led to protectionism, a reliance on bilateral or regional trade agreements, and nations' increased willingness to use "monetary expansion" - sometimes called "printing money" - to deal with crises.

    Tensions between the US and China have kept them from asserting a joint role in overseeing global economic rules, they said.

    "Global governance isn't about just making everyone agree with each other. It's about coming up with rules to manage, in a systematic way, competition as well," Kennedy said.

    The authors recommend four ways for the US and China to provide better global economic stewardship: "clean up their own houses", which for Washington means resolving political gridlock over fiscal policies, and for Beijing, avoiding the "middle-income trap", promoting innovation, improving the quality of healthcare and education, and strengthening the social safety net; elevate their Strategic and Economic Dialogue to a forum at which the countries' presidents regularly meet to solve problems, not just talk; "proceed with caution" in negotiating regional trade zones so they don't impede broader trade; and create a roadmap for China's entry into the 34-member Organization for Economic Cooperation and Development, based in Paris.

    As for bilateral investment, He pointed out that despite Chinese investors putting a record $6.5 billion in US enterprises last year, the US share of foreign direct investment into China is steadily shrinking.

    josephboris@chinadailyusa.com

    (China Daily 04/13/2013 page7)

    Today's Top News

    Editor's picks

    Most Viewed

    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    中文字幕亚洲图片| 亚洲av日韩av高潮潮喷无码 | 国产亚洲精品无码拍拍拍色欲| 欧美精品中文字幕亚洲专区| 人妻丰满AV无码久久不卡| 最近免费视频中文字幕大全| 久久久人妻精品无码一区| 亚洲2022国产成人精品无码区| 中文字幕在线看视频一区二区三区 | 超清无码无卡中文字幕 | 亚欧无码精品无码有性视频| 亚洲欧洲无码AV电影在线观看| 欧美激情中文字幕综合一区| 精品无码一级毛片免费视频观看| 无码视频在线观看| 中文字幕手机在线观看| 亚洲天堂中文字幕| 亚洲va中文字幕无码久久 | 亚洲中文字幕第一页在线 | 亚洲中文字幕久久精品无码APP| 国产成人无码精品久久久久免费 | 国产亚洲精久久久久久无码| 中国无码人妻丰满熟妇啪啪软件 | 中文字幕无码不卡免费视频| yy111111少妇无码影院| 人妻无码视频一区二区三区| 亚洲欧洲精品无码AV| 久久亚洲AV无码精品色午夜| 乱人伦中文视频高清视频| 狠狠躁夜夜躁无码中文字幕| 中文字幕亚洲综合小综合在线| 久久精品无码一区二区三区免费| 国产精品无码专区| 6080YYY午夜理论片中无码| 蜜桃成人无码区免费视频网站| 无码毛片视频一区二区本码| 亚洲AV永久无码精品成人| 亚洲AV无码欧洲AV无码网站| 亚洲精品无码av人在线观看| 无码区国产区在线播放| 无码国产福利av私拍 |