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Confronting the Threat

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Abstract

Trade with China threatens Western institutions. Protecting these institutions is not as simple as terminating trade with China, which is not a viable policy option. Some trade restrictions are in order, but these must be carefully crafted to put a stop to the institutional free riding. Necessary policies include reforming the regulatory structure of Western countries to maintain competitive advantage, maintaining a military presence, and leading multilateral action in the Asia-Pacific region to offer a counterweight to China. The underlying themes of all policy options presented in this chapter are to stop the institutional free riding and mitigate the influence that China has obtained through institutional free riding, while letting mutually beneficial trade continue.

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  • DOI: 10.1007/978-3-030-74709-1_7
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Notes

  1. 1.

    U.S. Constitution, Article I, Section 8, Clause 8.

  2. 2.

    TC Heartland LLC v. Kraft Foods Group Brands LLC, 581 U.S. ____ (2017).

  3. 3.

    18 U.S.C. 241.

  4. 4.

    Hong Kong Human Rights and Democracy Act, Public Law 116–176.

  5. 5.

    Hong Kong Autonomy Act, Public Law 116–149.

  6. 6.

    Uyghur Human Rights Policy Act of 2020, Public Law 116–145.

  7. 7.

    Japan nominally has a Self-Defense Force and is constitutionally prohibited from waging war. Its Self-Defense Forces, however, are quite large and as of 2020 are ranked by Global Firepower as the fifth most powerful military in the world after the United States, Russia, China, and India. South Korea ranks sixth.

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Gmeiner, R. (2021). Confronting the Threat. In: How Trade with China Threatens Western Institutions. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-74709-1_7

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  • DOI: https://doi.org/10.1007/978-3-030-74709-1_7

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  • Publisher Name: Palgrave Macmillan, Cham

  • Print ISBN: 978-3-030-74708-4

  • Online ISBN: 978-3-030-74709-1

  • eBook Packages: Economics and FinanceEconomics and Finance (R0)