Carnegie Endowment for International Peace
As the trade war between China and the United States intensifies, supply chains are starting to see the impact. But U.S. protectionism may be backfiring.
A successful coronavirus response and liberalized trade policies have given Vietnam a production boost, but its demographics and import dependence will limit its gains from a reshuffled supply chain.
Carnegie’s Yukon Huang and Michael Pettis will debate China’s growth prospects and economic policy trajectory, including the roles of the state and private sector and potential shifts in the growth model in a time of crisis.
Mobility restrictions, especially in economies dependent on domestic demand such as India, Indonesia, and the Philippines, have suppressed already shy spenders.
In two separate livestreamed sessions, Carnegie will convene key thought leaders behind Japan’s “Moonshot” program, the National Science Foundation’s “10 Big Ideas” program, the EU’s Horizon programs, and other fields of science collaboration.
Countries don’t need to be “friends” to get meaningful things done. But U.S.-China strategic competition is giving way to a kind of “managed enmity” that is disrupting the world and forestalling the prospect of transnational responses to transnational threats.
Taiwan is a victim of its past success—dominating important industries, such as semiconductors, but underinvesting in the new fields.
Taiwan needs to look not just to the energy it needs right now but also to the energy it will need ten to twenty years from now if it is to power its future.
Nationalist and protectionist impulses have hampered the exchanges of knowledge and goods that foster economic growth. Similar failures of global coordination are now exacerbating the coronavirus pandemic.
With well over 870,000 confirmed infections and 40,000 deaths worldwide, COVID-19, the disease caused by the fast-spreading new coronavirus, has caused global havoc.