The Mercantilist Root of the United States, Europe and Japan&apos;s Refusal to Accept China&apos;s Market Economy Status

Wu, Shanlin

doi:10.13169/worlrevipoliecon.9.3.0315

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World Review of Political Economy

Volume 9, Issue 3

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The Mercantilist Root of the United States, Europe and Japan's Refusal to Accept China's Market Economy Status

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research-article

Author(s): Shanlin Wu

Publication date (Print): 1 October 2018

Journal: World Review of Political Economy

Publisher: Pluto Journals

Keywords: the obligations of the WTO treaty, China's market economy status, new mercantilism, the United States

Abstract

The United States, the European Union and Japan refused to accept China's market economy status (MES), so as to continue fleecing the flock of China. They are pursuing trade protectionism by means of default partly because of a deep mercantilist tradition. Although it has long been outside the mainstream academic discourse system, this tradition was clearly demonstrated in the economic policies and played an important role in the rising and incumbent stage of some countries. Nowadays, the world economy is still shrouded in the economic crisis; countries concerned are no longer shy about trade protectionism to get out of sluggish growth and to delay the rise of China. This article seeks to examine the essence of the United States, Europe and Japan's group default and its root from a mercantilist perspective. It also expresses concern about the prospect of the international economic situation.

Content

Author and article information

Journal

Journal ID (doi): 10.2307/j50005553

Journal ID (jcode): worlrevipoliecon

Title: World Review of Political Economy

Publisher: Pluto Journals

ISSN: 2042-891X

ISSN: 2042-8928

Publication date (Print): 1 October 2018

Volume: 9

Issue: 3 ( doiID: 10.13169/worlrevipoliecon.9.issue-3 )

Pages: 315-329

Article

Publisher ID: worlrevipoliecon.9.3.0315

DOI: 10.13169/worlrevipoliecon.9.3.0315

SO-VID: 3c42639b-6dd0-4a61-8336-b4dd64e1e921

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All content is freely available without charge to users or their institutions. Users are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles in this journal without asking prior permission of the publisher or the author. Articles published in the journal are distributed under a http://creativecommons.org/licenses/by/4.0/.

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ScienceOpen disciplines: Political economics

Keywords: China's market economy status,the obligations of the WTO treaty,new mercantilism,the United States

References

BBC News. 2016. “Donald Trump Favours High Tariffs on Chinese Exports.” Accessed March 15, 2017. http://www.bbc.com/news/business-35258620.
Chang, H. J. 2002. Kicking Away the Ladder: Developing Strategy in Historical Perspective. London: Anthem Press.
Chang, H. J. 2007. Bad Samaritans: Rich Nations, Poor Policies, and the Threat to the Developing World. London: Random House Business.
Cooper, T. (1826) 2010. Lectures on the Elements of Political Economy. Whitefish: Kessinger.
Guo, L. 2011. Japan's Views on the Outside World in Modern Times: Centering on the Envoys Sent to Europe and the United States in the Bakumatsu Era. [In Chinese.] Beijing: Peking University Press.
Huang, A. 2008. “The Rise and Development of the United States.” [In Chinese.] Tribune of Social Sciences 10: 109–133.
Hudson, M. 2010. America's Protectionist Takeoff 1815–1914: The Neglected American School of Political Economy. New York and London: Garland Publishing.
Kennedy, S. 2005. “China's Porous Protectionism: The Changing Political Economy of Trade Policy.” Political Science Quarterly 120 (3): 407–432.
Li, Q., and W. Hai. 2011. “Origin and Development of Anti-dumping: A Global Perspective.” [In Chinese.] International Economic Review 3: 66–73.
Li, S., Y. Yao, and X. Tu. 2016. “Prospects of China's Market Economy Status in 2016: The US Factor and China's Strategy.” [In Chinese.] Journal of International Trade 3: 151–160.
List, F. (1841) 1909. The National System of Political Economy. London: Longmans, Green.
Navarro, P., and S. S. Roach. 2012. “China's Currency Manipulation: A Policy Debate.” World Affairs 175 (3): 27–37.
Prusa, J. T. 2005. “Anti-dumping: A Growing Problem in International Trade.” World Economy 28 (5): 683–700.
Smith, A. (1776) 1880. An Inquiry into the Nature and Clauses of the Welfare of Nations. Oxford: Clarendon Press.
Wang, S., and Q. Ye. 2005. “Non-market Economic Status: Anti-dumping against China and Countermeasures.” [In Chinese.] Finance & Trade Economics 5: 59–64, 76–97.
Zumwalt, J. P. 2002. “How WTO Membership Affects China.” Economic Perspectives 7 (1): 14–17.

Comments

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[1] BBC News. 2016. “Donald Trump Favours High Tariffs on Chinese Exports.” Accessed March 15, 2017. http://www.bbc.com/news/business-35258620.

[2] Chang, H. J. 2002. Kicking Away the Ladder: Developing Strategy in Historical Perspective. London: Anthem Press.

[3] Chang, H. J. 2007. Bad Samaritans: Rich Nations, Poor Policies, and the Threat to the Developing World. London: Random House Business.

[4] Cooper, T. (1826) 2010. Lectures on the Elements of Political Economy. Whitefish: Kessinger.

[5] Guo, L. 2011. Japan's Views on the Outside World in Modern Times: Centering on the Envoys Sent to Europe and the United States in the Bakumatsu Era. [In Chinese.] Beijing: Peking University Press.

[6] Huang, A. 2008. “The Rise and Development of the United States.” [In Chinese.] Tribune of Social Sciences 10: 109–133.

[7] Hudson, M. 2010. America's Protectionist Takeoff 1815–1914: The Neglected American School of Political Economy. New York and London: Garland Publishing.

[8] Kennedy, S. 2005. “China's Porous Protectionism: The Changing Political Economy of Trade Policy.” Political Science Quarterly 120 (3): 407–432.

[9] Li, Q., and W. Hai. 2011. “Origin and Development of Anti-dumping: A Global Perspective.” [In Chinese.] International Economic Review 3: 66–73.

[10] Li, S., Y. Yao, and X. Tu. 2016. “Prospects of China's Market Economy Status in 2016: The US Factor and China's Strategy.” [In Chinese.] Journal of International Trade 3: 151–160.

[11] List, F. (1841) 1909. The National System of Political Economy. London: Longmans, Green.

[12] Navarro, P., and S. S. Roach. 2012. “China's Currency Manipulation: A Policy Debate.” World Affairs 175 (3): 27–37.

[13] Prusa, J. T. 2005. “Anti-dumping: A Growing Problem in International Trade.” World Economy 28 (5): 683–700.

[14] Smith, A. (1776) 1880. An Inquiry into the Nature and Clauses of the Welfare of Nations. Oxford: Clarendon Press.

[15] Wang, S., and Q. Ye. 2005. “Non-market Economic Status: Anti-dumping against China and Countermeasures.” [In Chinese.] Finance & Trade Economics 5: 59–64, 76–97.

[16] Zumwalt, J. P. 2002. “How WTO Membership Affects China.” Economic Perspectives 7 (1): 14–17.