There are already arguably superior versions of

  • No School
  • AA 1
  • 4

This preview shows page 2 - 4 out of 4 pages.

There are already arguably superior versions of Western products in use by countries in the Chinese orbit. Line and Grab are versions of Whatsapp and Uber that, in functional and cultural terms, just work better. If we end up with a separate set of apps for ‘Western countries’ and ‘Chinese countries’, the Huawei fight will become a symbol of a growing economic divide. It would mean the current American tech giants will lose out and the global challenger companies would benefit. Google may rue getting involved in Trump’s conflict. 3. This is essentially a battle between two colonial powers It is, of course, not simply the terms of trade but the rise of China and the possibility it may overtake the US as the world's greatest power that is at stake. At the beginning of Trump's administration, some commentators suggested that before he left office, China would overtake the US in terms of the size of its economy.
Image of page 2

Subscribe to view the full document.

Since then US growth has accelerated thanks to Trump’s Keynesian-style government-backed tax cuts for business, while China's growth has remained at a stable level - at more than double that of the US. China is aided in this by what one might consider a brazen approach to economic colonialism. Its infrastructure and tech investments in South East Asia and Africa especially are shutting out America. Everywhere I travelled the hand of the Chinese could be felt. I saw signs across Cambodia for the Chinese Renminbi being the currency of choice for future-focused businesses. 4. This is the natural extension of populism: economic patriotism and global conflict In an echo of the Brexit debate in the UK, the rallying cry for both China and the US is economic patriotism - the need to put individual self-interest aside for the country and to suffer pain for the greater sovereign good. Just as almost every British person will feel the impact of Brexit, virtually every American is likely to feel the impact of Trump's tariffs on just about everything imported from China. He will have to persuade Americans that what is at stake is more important than their own wallet.
Image of page 3
Image of page 4
  • Fall '19

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Ask Expert Tutors You can ask 0 bonus questions You can ask 0 questions (0 expire soon) You can ask 0 questions (will expire )
Answers in as fast as 15 minutes