Selective Engagement? Future Path for US-China Economic Relations and Its Implications

Journal of World Trade, Volume 55, Issue 2 (April 2021, Forthcoming)

21 Pages Posted: 30 Jun 2020

See all articles by Heng Wang

Heng Wang

University of New South Wales (UNSW) - Faculty of Law

Date Written: June 6, 2020

Abstract

The US-China economic interactions will have profound ramifications for the world. The article explores the following questions: what is the path forward for US-China economic interactions? What are its implications? It argues that selective engagement is the possible future path for US-China economic interactions. Selective engagement involves selective focuses, which currently are an unprecedented emphasis on market access, and delegalized implementation. Selective engagement contrasts sharply with deep free trade agreements that focus on regulatory disciplines and legalized dispute settlement. Selective engagement carries profound implications, ranging from rule vacuum and inconsistency, increased protection and economic disintegration, to the marginalization of multilateralism. Essentially, selective engagement is a “different animal” from previous trade practices, and could be a game changer in international economic order. The US-China interaction is highly mutable, and selective engagement may change over time.

Keywords: selective engagement, trade war, US-China Phase One agreement, free trade agreements, the Belt and Road Initiative

Suggested Citation

Wang, Heng, Selective Engagement? Future Path for US-China Economic Relations and Its Implications (June 6, 2020). Journal of World Trade, Volume 55, Issue 2 (April 2021, Forthcoming), Available at SSRN: https://ssrn.com/abstract=3620758

Heng Wang (Contact Author)

University of New South Wales (UNSW) - Faculty of Law ( email )

Kensington, New South Wales 2052
Australia
+61 2 9385 9472 (Phone)

HOME PAGE: http://www.law.unsw.edu.au/profile/heng-wang

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
22
Abstract Views
105
PlumX Metrics