Introduction to International Politics
Foreign Event Analysis
| Locale | ![[]](http://www.kvasaheim.com/flags/flag15-cn.png "Flag of China") | China |
|---|---|---|
| Title |
US and China to Strengthen Global Economy
| |
| Summary |
China and the United States pledged $20 billion in what the BBC calls “trade aid.” The news comes on the tail of a global economic slowdown. The money is meant to infuse international trade in an attempt to bolster the faltering economy worldwide. Additionally, the aid will allow developing countries to trade on credit, an allowance that has been harder to come by in light of the recession.
| |
| Analysis |
What US Treasury Secretary Henry Paulson called a “robust discussion” between the two states will show the world that two important economies are committed to boosting trade on an international scale. The communication Thursday was efficient and effective, marking a maturation of US-China relations, which are in the process of strengthening following an often-tense history. The agreement to work side by side to pump up deflated industry shows a hallmark of the liberal perspective: using trade and dialogue to solve an international conflict, in this case, the recent economic downturn.
The agreement also fosters interdependence among states, namely the United States and China, and those developing states to which they have pledged economic aid. To propagate the aid, they must continue the effective discussions and keep trade open, especially as the world heads into a full-blown recession.
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| Perspective |  | Liberal |
| In-Region URL | ||
| Out-of-Region URL | ||
| Submitted | December 5, 2008 at 11:58 am | |
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