Effects of the Financial Crisis on the U.S.-China Economic Relationship

13 Pages Posted: 14 May 2013  

Eswar S. Prasad

Cornell University - Dyson School of Applied Economics and Management; Cornell University - Department of Economics; Brookings Institution; NBER; IZA Institute of Labor Economics

Date Written: June 14, 2009

Abstract

There is a great deal of commonality of economic interests between the two countries, and it is these shared interests that should be the basis for a mutually beneficial economic relationship. In this article, I will lay out the key facets of this complicated bilateral relationship, present my prognosis for how this relationship is likely to evolve, and then discuss how I believe progress could be made in terms of finding common ground between the two economies.

Keywords: trade imbalance between the United States and China, American debt to China, the U.S. pivot to Asia

JEL Classification: F50, F10, F13

Suggested Citation

Prasad, Eswar S., Effects of the Financial Crisis on the U.S.-China Economic Relationship (June 14, 2009). Cato Journal, Vol. 29, No. 2, 2009. Available at SSRN: https://ssrn.com/abstract=2264886

Eswar S. Prasad (Contact Author)

Cornell University - Dyson School of Applied Economics and Management ( email )

440 Warren Hall
Ithaca, NY 14853
United States

HOME PAGE: http://prasad.aem.cornell.edu

Cornell University - Department of Economics ( email )

414 Uris Hall
Ithaca, NY 14853-7601
United States

Brookings Institution ( email )

1775 Massachusetts Ave, NW
Washington, DC 20036
United States

NBER ( email )

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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