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The Great Decoupling and a New Cold War

In: Adventures in the Chinese Economy: 16 Years from the Inside

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  • Sven Agten

Abstract

As China is rising on the international stage, the United States as the sole global superpower feels the heat. The Presidency of Trump and the COVID-19 pandemic have accelerated this trend to such an extent that the two nations are seemingly decoupling on every level. Ideologically and politically the two countries are each others opposite, and a new Cold War looks inevitable. But decoupling looks easier than it really is, so much interwoven is China, the United States, and Europe. Whatever the outcome may be, the world will change drastically and the effects of all this will be felt by all of us.

Suggested Citation

  • Sven Agten, 2021. "The Great Decoupling and a New Cold War," Springer Books, in: Adventures in the Chinese Economy: 16 Years from the Inside, chapter 0, pages 219-237, Springer.
    • Handle: RePEc:spr:sprchp:978-981-16-1167-4_12
    DOI: 10.1007/978-981-16-1167-4_12
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