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Explaining US–China economic imbalances: a social perspective
Sheng,Li
2017-01-22
Source PublicationCambridge Review of International Affairs
ISSN1474449X 09557571
Volume29Issue:3Pages:1097-1111
Abstract

China has witnessed a continual drop in the labour income share of its gross domestic product (GDP) and a steep rise in income that has caused a savings glut and high investments. China’s shrinking domestic demand indicates that its output growth must increasingly rely on expanded manufacturing exports to the US. China’s state accommodation for US offshoring further aggravates trade imbalances between the two countries. The United States is also experiencing a rise in social inequality associated with a decline in savings that is a fundamental cause of its current-account deficit with China. The swelling US service sector interacts with a high ratio of consumption to income, and the liberal US policy for cost outsourcing to China has a complicated impact on employment and an adverse effect on inequality.

DOI10.1080/09557571.2016.1230589
URLView the original
Indexed BySSCI
Language英语
WOS Research AreaInternational Relations ; Government & Law
WOS SubjectInternational Relations ; Political Science
WOS IDWOS:000392808400018
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被引频次[WOS]:3   [WOS记录]     [WOS相关记录]
Document TypeJournal article
专题DEPARTMENT OF GOVERNMENT AND PUBLIC ADMINISTRATION
Corresponding AuthorSheng,Li
AffiliationUniversity of Macau,China
First Author AffilicationUniversity of Macau
Corresponding Author AffilicationUniversity of Macau
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GB/T 7714
Sheng,Li. Explaining US–China economic imbalances: a social perspective[J]. Cambridge Review of International Affairs,2017,29(3):1097-1111.
APA Sheng,Li.(2017).Explaining US–China economic imbalances: a social perspective.Cambridge Review of International Affairs,29(3),1097-1111.
MLA Sheng,Li."Explaining US–China economic imbalances: a social perspective".Cambridge Review of International Affairs 29.3(2017):1097-1111.
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