IDEAS home Printed from https://ideas.repec.org/p/eps/cepswp/12584.html
   My bibliography  Save this paper

Transatlantic Divergences in Globalisation and the China Factor

Author

Listed:
  • Metivier, Jeanne
  • Di Salvo, Mattia
  • Pelkmans, Jacques

Abstract

The EU and the United States are following divergent paths with regard to their respective trade policies. While the new administration of the United States has made some notably strong statements against further trade liberalisation, the EU continues to favour responsible globalisation. The EU has recently signed a series of free trade agreements (FTAs) as well as plurilateral agreements with its partners (especially, but not only, in East Asia). Consequently, the EU is strengthening its status as a global leader in the debate on economic openness. Conversely, the US has interrupted major negotiations with its trading partners and has renounced trade agreements, such as TPP and TTIP (at least for the time being). This paper provides some empirical economic and social guidance behind the recent policy divergence on globalisation between the US and the EU in general and vis-à-vis China in particular.

Suggested Citation

  • Metivier, Jeanne & Di Salvo, Mattia & Pelkmans, Jacques, 2017. "Transatlantic Divergences in Globalisation and the China Factor," CEPS Papers 12584, Centre for European Policy Studies.
    • Handle: RePEc:eps:cepswp:12584
    as

    Download full text from publisher

    File URL: https://www.ceps.eu/system/files/PI2017-19_TransatlanticDivergencesGlobalisation.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Maarten Goos & Alan Manning & Anna Salomons, 2014. "Explaining Job Polarization: Routine-Biased Technological Change and Offshoring," American Economic Review, American Economic Association, vol. 104(8), pages 2509-2526, August.
    2. Bekkers, Eddy & Francois, Joseph & Tomberger, Patrick, 2016. "Tomorrow’s Silk Road: Assessing an EU-China Free Trade Agreement," Papers 974, World Trade Institute.
    3. Paul Brenton & Jacques Pelkmans (ed.), 1999. "Global Trade and European Workers," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-27035-4, December.
    4. C. Fred Bergsten & Gary Clyde Hufbauer & Sean Miner & Tyler Moran, 2014. "Bridging the Pacific: Toward Free Trade and Investment between China and the United States," Peterson Institute Press: All Books, Peterson Institute for International Economics, number 6918, January.
    5. Gary Clyde Hufbauer & Zhiyao (Lucy) Lu, 2017. "The Payoff to America from Globalization: A Fresh Look with a Focus on Costs to Workers," Policy Briefs PB17-16, Peterson Institute for International Economics.
    6. Richard B. Freeman, 1995. "Are Your Wages Set in Beijing?," Journal of Economic Perspectives, American Economic Association, vol. 9(3), pages 15-32, Summer.
    7. Hu, Weinian & Pelkmans, Jacques, 2017. "China-EU Leadership in Globalisation: Ambition and capacity," CEPS Papers 12585, Centre for European Policy Studies.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hu, Weinian & Pelkmans, Jacques, 2017. "China-EU Leadership in Globalisation: Ambition and capacity," CEPS Papers 12585, Centre for European Policy Studies.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Lin Tian & Jonathan Vogel & Gordon Hanson & Ariel Burstein, 2017. "Immigration, Occupations, and Local Labor Markets: Theory and Evidence from the U.S," 2017 Meeting Papers 79, Society for Economic Dynamics.
    2. Aleksandra Parteka & Joanna Wolszczak-Derlacz, 2017. "Workers, Firms and Task Heterogeneity in International Trade Analysis: An Example of Wage Effects of Trade Within GVC," Entrepreneurial Business and Economics Review, Centre for Strategic and International Entrepreneurship at the Cracow University of Economics., vol. 5(2), pages 9-25.
    3. Peter Temin, 2015. "The American Dual Economy: Race, Globalization, and the Politics of Exclusion," Working Papers Series 26, Institute for New Economic Thinking.
    4. Lücke, Matthias, 1999. "Sectoral value added prices, TFP growth, and the low-skilled wage in high-income countries," Kiel Working Papers 923, Kiel Institute for the World Economy (IfW Kiel).
    5. Federico Riccio & Giovanni Dosi & Maria Enrica Virgillito, 2023. "Smile without a reason why: functional specialisation and income distribution along global value chains," LEM Papers Series 2023/31, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    6. Thor Berger & Carl Benedikt Frey, 2016. "Structural Transformation in the OECD: Digitalisation, Deindustrialisation and the Future of Work," OECD Social, Employment and Migration Working Papers 193, OECD Publishing.
    7. Ariel Burstein & Gordon Hanson & Lin Tian & Jonathan Vogel, 2017. "Tradability and the Labor-Market Impact of Immigration: Theory and Evidence from the U.S," NBER Working Papers 23330, National Bureau of Economic Research, Inc.
    8. Rigby, D L & Breau, Sebastien, 2007. "Impacts of Trade on Wage Quality in Los Angeles: Analysis Using Matched Employer-Employee Data," Center for Global, International and Regional Studies, Working Paper Series qt0fh5z1hf, Center for Global, International and Regional Studies, UC Santa Cruz.
    9. David Rigby & Sebastien Breau, 2006. "Impacts of Trade on Wage Inequality in Los Angeles: Analysis Using Matched Employer-Employee Data," Working Papers 06-12, Center for Economic Studies, U.S. Census Bureau.
    10. Tommaso AGASISTI & Geraint JOHNES & Marco PACCAGNELLA, 2021. "Tasks, occupations and wages in OECD countries," International Labour Review, International Labour Organization, vol. 160(1), pages 85-112, March.
    11. Baird, Matthew D. & Engberg, John & Gutierrez, Italo A., 2022. "RCT evidence on differential impact of US job training programmes by pre-training employment status," Labour Economics, Elsevier, vol. 75(C).
    12. Stephen Nickell, 1997. "Unemployment and Labor Market Rigidities: Europe versus North America," Journal of Economic Perspectives, American Economic Association, vol. 11(3), pages 55-74, Summer.
    13. Peter Huber & Helmut Hofer, 2001. "Teilprojekt 9: Auswirkungen der EU-Erweiterung auf den österreichischen Arbeitsmarkt," WIFO Studies, WIFO, number 19839, April.
    14. Werner Eichhorst & Ulf Rinne, 2017. "Digital Challenges for the Welfare State," CESifo Forum, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 18(04), pages 03-08, December.
    15. Keller, Wolfgang & Utar, Hale, 2023. "International trade and job polarization: Evidence at the worker level," Journal of International Economics, Elsevier, vol. 145(C).
    16. Schweinberger, Albert G., 2001. "Capital, heterogeneous labour, global goods markets and unemployment," Discussion Papers, Series I 309, University of Konstanz, Department of Economics.
    17. Brown, Alessio J.G. & Merkl, Christian & Snower, Dennis J., 2011. "Comparing the effectiveness of employment subsidies," Labour Economics, Elsevier, vol. 18(2), pages 168-179, April.
    18. Rabensteiner, Thomas & Guschanski, Alexander, 2022. "Autonomy and wage divergence: evidence from European survey data," Greenwich Papers in Political Economy 37925, University of Greenwich, Greenwich Political Economy Research Centre.
    19. Jacob Rubæk Holm & Christian Richter Østergaard, 2018. "The high importance of de-industrialization and job polarization for regional diversification," Papers in Evolutionary Economic Geography (PEEG) 1821, Utrecht University, Department of Human Geography and Spatial Planning, Group Economic Geography, revised May 2018.
    20. Michele Cantarella & Chiara Strozzi, 2021. "Workers in the crowd: the labor market impact of the online platform economy [An evaluation of instrumental variable strategies for estimating the effects of catholic schooling]," Industrial and Corporate Change, Oxford University Press and the Associazione ICC, vol. 30(6), pages 1429-1458.

    More about this item

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eps:cepswp:12584. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Margarita Minkova (email available below). General contact details of provider: https://edirc.repec.org/data/cepssbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.