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‘System friction’ in China-EU economic relations and the reaction of the EU

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  • Herman Voogsgeerd

    (University of Groningen)

Abstract

In the period between 2015 and 2020, we have witnessed an increase in ‘system friction’ in the trade and investment relations between the EU and the People’s Republic of China (PRC). This paper focuses on the meaning of this notion of ‘system friction’, originally coined by Sylvia Ostry and on how the EU and especially the European Commission reacted to this friction. This notion might present an alternative to the notion of ‘system rivalry’. The result of system friction in the relation between the EU and the PRC had been a convergence towards more trade defensive moves. A form of managed trade with help of a ratified Investment treaty between the two sides might be a potential outcome.

Suggested Citation

  • Herman Voogsgeerd, 2023. "‘System friction’ in China-EU economic relations and the reaction of the EU," Asia Europe Journal, Springer, vol. 21(2), pages 209-223, June.
    • Handle: RePEc:kap:asiaeu:v:21:y:2023:i:2:d:10.1007_s10308-023-00667-9
    DOI: 10.1007/s10308-023-00667-9
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    References listed on IDEAS

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    1. Dani Rodrik, 2018. "What Do Trade Agreements Really Do?," Journal of Economic Perspectives, American Economic Association, vol. 32(2), pages 73-90, Spring.
    2. Sylvia Ostry, 2006. "The world trading system: In the fog of uncertainty," The Review of International Organizations, Springer, vol. 1(2), pages 139-152, June.
    3. Sylvia Ostry, 2006. "The World Trading System: In the Fog of Uncertainty," Contemporary Studies in Economic and Financial Analysis, in: European Responses to Globalization, pages 179-193, Emerald Group Publishing Limited.
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