How to understand US-China trade war (Gowa, Krasner)
- 최초 등록일
- 2022.06.30
- 최종 저작일
- 2022.06
- 6페이지/ MS 워드
- 가격 2,500원
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"How to understand US-China trade war (Gowa, Krasner)"에 대한 내용입니다.
목차
1. Summarize of the idea of Krasner and Gowa
1) Krasner’s idea
2) Gowa’s Idea
2. Whose theory better explain China-Us trade war?
3. Propose alternative suggestions to better explain the US-China trade war.
본문내용
1) Krasner’s idea
- Four Interests
He explained 4 key interests of trade based on the neo-classical theory. These decides each countries’ preference for the openness. When the change of the change of 4 interests is expected to be positive, they will prefer trade. However, in the reverse situation, they will not. Then what are these 4 interests?
First is ‘national income’. As trade initiated, each country is benefited from the increased relative price. Since small states lack factor endowments, they get more welfare than big ones. Second is ‘social stability’. Openness inevitably causes instability. Factor movement should be followed to adjust to the change of relative price. In this circumstance, developed country is much more convenient due to their skilled-labor.
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