Global Specialization and the China-US Economic Imbalance

Min, Gong

doi:10.18848/1835-4432/cgp/v03i04/40733

Cited by 2 publications

(2 citation statements)

References 1 publication

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“…It doesn't affect the American trade deficit, which stems from its offshoring production capacity across borders where profit margins have been higher. An appreciation of the RMB will not fix America's import dependence; as Min Gong (2010) argues, the US trade deficit would broadly remain what it is and imports would rather be sourced from other East Asian countries and Latin America. China's de‐pegging of the RMB from the US dollar, begun in 2005 and resumed in June 2010, barely affects the Sino–US trade imbalance.…”

Section: Global Rebalancingmentioning

confidence: 99%

Global Rebalancing: Crisis and the East–South Turn

Pieterse

2011

Development and Change

118

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This article argues that the rise of emerging societies is a major turn in globalization and holds significant emancipatory potential. North–South relations have been dominant for 200 years and now an East–South turn is taking shape. The 2008 economic crisis is part of a global rebalancing process. Ongoing developments can be read in two ways: towards recalibrating the old order, or towards the emergence of new logics, which can be simplified as a tale of two scripts. One is global plutocracy with Anglo‐American capitalism and financial markets in the West back in the lead and emerging markets joining the club. An instrument for achieving this is the hegemonic ideology of ‘global rebalancing’. On the other end of the continuum is the script of emancipatory multipolarity, considering that countries representing the majority of the world population have joined the global head table. This essay discusses global rebalancing, global plutocracy and emancipatory multipolarity, before taking on the conceptual question of capitalism or capitalisms. Ultimately, the author concludes that developments are layered and that elements of both scripts are combining.

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Section: Global Rebalancingmentioning

confidence: 99%

Global Rebalancing: Crisis and the East–South Turn

Pieterse

2011

Development and Change

118

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“…Offshoring has to some extent contributed to the country's capacity for specialization. For example, US companies can focus on their expertise areas such as software innovation, electronic and computer development, and those high-tech and high profit premium industries [16]. As the result, it causes the uneven distribution benefits among the countries.…”

Section: Opportunitiesmentioning

confidence: 99%

SWOT Analysis of Companies’ Transferring Their Manufacturing Offshore

2023

SHS Web Conf.

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Recently, thousands of companies have chosen to relocate their business processes from their home country to another country. The relocation process is usually called offshoring. Offshoring has made many controversial debates among economists. Discussing the effects of it has been the focus of a large number of research papers. By using SWOT analysis, this paper investigates the influence of offshoring on both sides of the home country and the developing countries, which are usually the relocated countries. From the analysis, it is found that the effects of offshoring cannot just be defined as good or bad. The impacts are two-sided for both developed countries which are usually the home countries of the relocation business and developing countries, which are usually the destination countries for the manufacturing transfer. Implications were drawn from the results concerning both sides of offshoring, not just home countries or developing countries.

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Global Specialization and the China-US Economic Imbalance

Cited by 2 publications

References 1 publication

Global Rebalancing: Crisis and the East–South Turn

Global Rebalancing: Crisis and the East–South Turn

SWOT Analysis of Companies’ Transferring Their Manufacturing Offshore

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