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  • © 2021

How Trade with China Threatens Western Institutions

The Economic Roots of a Political Crisis

Palgrave Macmillan

Authors:

  • Evaluates the institutional environments of the United States and China and how they affect the two countries’ trading relationship, with specific emphasis on intellectual property theft

  • Gives a concise, lucid understanding of issues surrounding trade with China and its effects on both global and American innovation, economic output, soft power, and freedom more generally

  • Integrates public choice ideas about economic institutions, state action, and strategic behavior into international trade

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  • ISBN: 978-3-030-74709-1
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Softcover Book USD 149.99
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Table of contents (8 chapters)

  1. Front Matter

    Pages i-xvi
  2. Introduction

    • Robert Gmeiner
    Pages 1-6
  3. Institutional Free Riding

    • Robert Gmeiner
    Pages 141-180
  4. Institutional Change in the West

    • Robert Gmeiner
    Pages 181-229
  5. Confronting the Threat

    • Robert Gmeiner
    Pages 231-276
  6. Conclusion

    • Robert Gmeiner
    Pages 277-281
  7. Back Matter

    Pages 283-293

About this book

This book evaluates the institutional environments of China and the United States, and the West more broadly, and how they affect their trading relationship, with specific emphasis on intellectual property theft and other allegations of unfair competition. The economic and political characteristics of the two countries affect the balance of power in their trading relationship, with ramifications far beyond jobs and output. The major theme is China’s ability to free ride on Western institutions through intellectual property theft and extortion. This free riding is far more than just infringing patents and reaping profits; it creates a combination of incentives for political pressures in the West that diminish the free market and liberal Western values. The result is the classic result of free riding – underprovision, or degeneration, of the Western institutions that made the West prosperous and free. At the same time, China’s economic might, military prowess, and global soft power increase, often with deleterious effects for freedom and free markets. This book is distinctive because it integrates public choice ideas about economic institutions, state action, and strategic behavior into international trade. It also takes account of the economic characteristics of China and the West and explains why they present a situation that is fundamentally different from other trade disputes. Institutions and political influence are central to this book’s analysis of trade, which can be more dangerous and more disguised than the welfare gains from trade. Providing a concise and lucid distillation of pressing issues, this book is critical reading for scholars studying trade with China and its effects on both global and Western innovation, economic output, soft power, and freedom more broadly.

Robert Gmeiner is Assistant Professor of Economics at Methodist University in Fayetteville, North Carolina, USA.

Keywords

  • US-China Trade
  • International Trade
  • Intellectual Property
  • International Economics
  • Public Choice
  • Institutional Free Riding
  • Economic Institutions
  • International Competition
  • Trade Policy

Authors and Affiliations

  • Methodist University, Fayetteville, USA

    Robert Gmeiner

About the author

Robert Gmeiner is Assistant Professor of Economics at Methodist University in Fayetteville, North Carolina, USA.

Bibliographic Information

Buying options

eBook USD 109.00
Price excludes VAT (USA)
  • ISBN: 978-3-030-74709-1
  • Instant PDF download
  • Readable on all devices
  • Own it forever
  • Exclusive offer for individuals only
  • Tax calculation will be finalised during checkout
Softcover Book USD 149.99
Price excludes VAT (USA)
Hardcover Book USD 149.99
Price excludes VAT (USA)