Save time by listening to our audio articles as you multitaskEstablishing a causal link between economic interdependence and the balance of geopolitical power is no simple matter, however. That economies often trade more with countries that share similar political values and interests is clear enough.
For those benevolent countries, the incentive to be generous is partly rooted in the expectation that, as the economy of the allied country grows, they will receive an economic dividend. Yet in the world the authors depict, the reward is not fixed.
Though initially modest, China’s global economic influence had, by the late 2000s, overtaken America’s: the effect of Chinese growth on the incomes of its trading partners was larger than that of Uncle Sam . From 1980 to 2010, the paper finds, the more economically enmeshed a country became with China, the more political alignment ensued, as captured by patterns ofThe authors find further support for their model by looking at global trade shifts associated with collapsing air-freight costs.
На мой взгляд. Западные страны не только в этом ошибались
LOL
Didn't work in the case of China. Focus needed to shift investments and trade links away from this dictatorship.
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