Economic Security and Sino-American Relations
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Economic Security and Sino-American Relations

Progress Under Pressure

Kenneth Boutin

China and the United States have reached a crossroads where their economic relationship is concerned, as the shared interest in economic prosperity and complementary economic strengths that provide the common ground of industrial collaboration are threatened by increasing attention to economic facets of national security. This trend is encouraging policies which potentially undermine the basis of Sino-American industrial integration. This book explores the basis, nature and impact of evolving economic security agendas in the United States and China.
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Chapter 4: America leads: economic security in the United States

Kenneth Boutin

Abstract

The economic security landscape of the United States greatly complicates the development and implementation of economic security policy. The extent of policy decentralization and the independence of American industry both contribute to this. American economic security requirements encompass national and comprehensive economic security, but policy traditionally has focused on the former. This focus was facilitated by the expectation that the private sector would provide the economic success crucial to comprehensive economic security. Attention to the comprehensive economic security requirements increased following the Cold War. This policy space is contracting as concern over national security grows. Heightened attention to national economic security requirements is driving increasing intervention in industrial processes. This is tempered, however, by the requirements of comprehensive economic security and by the importance of economic engagement of China.

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