YouTube Video link of public lecture sponsored by the Academy of International Business (Dr. Lei Li, Chair) & University of Nottingham (China, Ningbo Campus)
"China's Ascendancy and the Strained Relationship Between the US and China: Calculating the Value of Continued Future Cooperation"
Farok J. Contractor, Ph.D.President-Elect AIB (ACADEMY OF INTERNATIONAL BUSINESS)
DISTINGUISHED PROFESSOR, Rutgers Business School (New Brunswick & Newark)
Talk for approximately 60 minutes followed by questions and answers for 30 minutes.
Just two countries, China and the US comprise 40% of world GDP and 23% of its population, making their bilateral commercial relationship by far the most important in the world, and the strain between them especially unfortunate. Differing perspectives about intellectual property, the role of government, and technology transfer should not obscure the fact that both nations have benefited substantially from their trade and FDI (Foreign Direct Investment) flows. Unfortunately, psychosomatic defensiveness in the US and a more muscular tone in China, still smarting from grievances that date back 178 years, have dominated their political dialogue. But the basic underpinnings of cooperation and mutual benefit remain valid.
Measuring the two countries' interdependence
Much of my talk is focused on estimates of the two nations' mutual dependence, in terms of the numbers of jobs and money flows involved in the US-China relationship. But I will also address related issues such as the competitiveness of manufacturing, the value of the RMB (Yuan), and the dangers of overplaying the nationalism and protectionism cards.