Jeffrey E. Garten: Can China Be Contained?

From YaleGlobal:

In the last three days, the United States government has added new pressures to the Chinese government: The US Department of Treasury demanded a revaluation of the renminbi, and the Commerce Department moved to restrain textile imports from China. One of the defining features of globalization today is the complex way in which countries are economically intertwined, as well as the political implications of this interdependence. China’s rise as an economic giant in recent years is a boon for US, Japanese, and European companies doing business in China, but for this very reason they must tread cautiously in political dealings. Jeffrey E. Garten, Dean of the Yale School of Management, suggests that applying punitive pressures to China will only intensify tensions. In fact, because of the complex economic relationships, these actions would likely backfire – harming more than helping the other powers. What the US, Japan, the EU, and China must do now is to engage in an over-arching dialogue about the issues troubling them. “Unless a new order is negotiated,” Garten warns, “the world will risk entering a frightful period where damaging political and economic turmoil is no longer a far-fetched prospect.”

CDT EBOOKS

Subscribe to CDT

SUPPORT CDT

Browsers Unbounded by Lantern

Now, you can combat internet censorship in a new way: by toggling the switch below while browsing China Digital Times, you can provide a secure "bridge" for people who want to freely access information. This open-source project is powered by Lantern, know more about this project.

Google Ads 1

Giving Assistant

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup
X

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.