Incompatible interests of the USA and China: economic and political consequences
Abstract
The article examines the confrontation between the United States and China, which manifests itself in the signs of the cold war, which can lead to a direct escalation of trade wars and military conflicts, which, individually or together, will lead to even greater de-globalization or balkanization of the world economy. Despite growing claims on many issues, the two countries are interconnected, in the economic sphere, trade and investment ties remain significant, even as the two countries continue to take steps to limit each other’s vulnerabilities. The dense network of trade, financial, scientific, and academic ties between the United States and China will make it difficult for one side to harm the other without harming itself in the process. In recent years, the Chinese authorities have become more actively seeking to expand their influence to other countries. Chinese corporations have invested heavily in overseas media platforms to bolster China’s discursive power, with the goal of portraying the country as a provider of global public goods, an opponent of geopolitical intimidation, and a proponent of regional and global stability. The United States views China as a serious strategic competitor, which at any moment can take a leading position in the world. Today, the U.S. faces the difficult task of balancing between aggressive opposition to China to protect its interests and prudent cooperation with it to maximize the benefits of its economic recovery.
About the Author
T. G. Maglinova
NAN PEI Academy of marketing and Socio-Information Technologies – IMSIT (Krasnodar)
Russian Federation
Russian Federation
PhD in Economics, Associate Professor
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Review
For citations:
Maglinova T.G. Incompatible interests of the USA and China: economic and political consequences. Kazan economic vestnik. 2022;(1):57-61. (In Russ.)
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