Skip to main content
  • Sections
  • Search

Center for Strategic & International Studies

User menu

  • Subscribe
  • Sign In

Topics

  • Climate Change
  • Cybersecurity and Technology
    • Cybersecurity
    • Data Governance
    • Intellectual Property
    • Intelligence, Surveillance, and Privacy
    • Military Technology
    • Space
    • Technology and Innovation
  • Defense and Security
    • Counterterrorism and Homeland Security
    • Defense Budget
    • Defense Industry, Acquisition, and Innovation
    • Defense Strategy and Capabilities
    • Geopolitics and International Security
    • Long-Term Futures
    • Missile Defense
    • Space
    • Weapons of Mass Destruction Proliferation
  • Economics
    • Asian Economics
    • Global Economic Governance
    • Trade and International Business
  • Energy and Sustainability
    • Energy, Climate Change, and Environmental Impacts
    • Energy and Geopolitics
    • Energy Innovation
    • Energy Markets, Trends, and Outlooks
  • Global Health
    • Family Planning, Maternal and Child Health, and Immunizations
    • Multilateral Institutions
    • Health and Security
    • Infectious Disease
  • Human Rights
    • Building Sustainable and Inclusive Democracy
    • Business and Human Rights
    • Responding to Egregious Human Rights Abuses
    • Civil Society
    • Transitional Justice
    • Human Security
  • International Development
    • Food and Agriculture
    • Governance and Rule of Law
    • Humanitarian Assistance
    • Human Mobility
    • Private Sector Development
    • U.S. Development Policy

Regions

  • Africa
    • North Africa
    • Sub-Saharan Africa
  • Americas
    • Caribbean
    • North America
    • South America
  • Arctic
  • Asia
    • Afghanistan
    • Australia, New Zealand & Pacific
    • China
    • India
    • Japan
    • Korea
    • Pakistan
    • Southeast Asia
  • Europe
    • European Union
    • NATO
    • Post-Soviet Europe
    • Turkey
  • Middle East
    • The Gulf
    • Egypt and the Levant
    • North Africa
  • Russia and Eurasia
    • The South Caucasus
    • Central Asia
    • Post-Soviet Europe
    • Russia

Sections menu

  • Programs
  • Experts
  • Events
  • Analysis
    • Blogs
    • Books
    • Commentary
    • Congressional Testimony
    • Critical Questions
    • Interactive Reports
    • Journals
    • Newsletter
    • Reports
    • Transcript
  • Podcasts
  • iDeas Lab
  • Transcripts
  • Web Projects

Main menu

  • About Us
  • Support CSIS
    • Securing Our Future
Photo: Chuck/Adobe Stock
Report
Share
  • LinkedIn
  • Facebook
  • Twitter
  • Email
  • Printfriendly.com

Parallel Perspectives on the Global Economic Order

A U.S.-China Essay Collection

September 22, 2017

CSIS
Download the Report



The United States and China are the world’s two largest economies. Over the coming decades, no two countries will have a greater impact on the global economic order—the system of institutions, rules, and norms that govern international economic affairs. A global economy that delivers strong, sustainable, balanced, and inclusive growth will depend on such a well-managed order. More than ever before, Washington and Beijing must work together to identify potential areas of cooperation, as well as manage our differences.
 
It is this collaborative mission that has inspired the deep and productive relationship between our two institutions, the Center for Strategic and International Studies (CSIS) and the Shanghai Institutes for International Studies (SIIS), for many years. Since 2015, we have cohosted the U.S.-China Dialogue on the Global Economic Order, a track 1.5 dialogue that has sought to build mutual trust, enhance communication, identify issues, and propose solutions. The series of semiannual workshops, alternating between Beijing and Washington, has covered a wide range of topics across the global economic order, including trade, investment, finance, and climate change. The dialogue has drawn scholars, former policymakers, and current officials from the United States and China across a wide range of institutions and disciplines.
 
This essay collection harvests some of the rich bounty of our two-year dialogue. Scholars from the United States and China have contributed parallel essays presenting their respective positions on a wide variety of topics in the global economic order. We hope that this collection will generate new ideas that scholars, policymakers, and citizens in both countries can use to solve the most urgent problems in the global economy.

Contents

Introduction: The United States, China, and the Global Economic Order in 2017, by Kevin Nealer

Chapter 1 | Current State and Evolution of the Global Economic Order

A Grand Bargain to Strengthen the Global Economic Order, by Matthew P. Goodman

World Economic Order: Present and Future, by He Fan & Ye Qianlin

Chapter 2 | Macroeconomic Policy Coordination

U.S.-China Macroeconomic Policy Coordination: A MAP Without Daggers, by David Loevinger & Spencer Rodriguez

Economic Rebalancing Should Be the Core of China’s Supply Side Reform, by Wang Yuzhu

Chapter 3 | Financial Regulation

Living in Two Worlds: Chinese and U.S. Financial Regulation, by Douglas J. Elliott

Financial Regulation Reform and Financial Stability, by Zhao Xijun

Chapter 4 | International Financial Institutions

Toward Better Multilateral Development Banks: Can the United States and China Lead Together?, by Nancy Lee

China-U.S. Cooperation for a More Effective Multilateral Development Bank System, by Ye Yu

Chapter 5 | Global Trade Policy

Opportunities for U.S.-China Trade Cooperation, by William Reinsch

Managing Bilateral Trade Policy: A Quest for Rebalancing the Global Economy?, by Shen Minghui

Chapter 6 | U.S.-China Bilateral Economic Relations

A New Era in U.S.-China Economic Relations, by Amy P. Celico

The Trump Administration’s Trade Policy and Sino-American Economic Relations, by Song Guoyou

Chapter 7 | International Investment Policy

Prospects for U.S.-China Cooperation on Global Investment Policy, by Scott Miller

Changes in Global Trade and Investment and Implications for China-U.S. Economic Relations, by Xue Lei

Chapter 8 | Sustainable Development

A U.S.-China Partnership on the Sustainable Development Goals, by Scott Morris

The Development and Transformation of China’s Foreign Aid, by Zhang Haibing

Chapter 9 | Infrastructure

Addressing the Global Infrastructure Deficit: Channels for U.S.-China Cooperation, by Ziad Haider

The Belt and Road Initiative: Progress, Problems and Prospects, by Fang Jin

Chapter 10 | Climate Change and Energy

The U.S.-China Climate and Energy Relationship, by Joanna Lewis

Finance, Trade Policy, and the Implementation of the Paris Agreement, by Zhang Zhongxiang

Downloads
Download PDF file of "Parallel Perspectives on the Global Economic Order"
Written By
  • Twitter
Matthew P. Goodman
Senior Vice President for Economics
Ye Yu
Associate Professor, Institute for World Economy Studies, SIIS
Daniel Remler
Media Queries
Contact H. Andrew Schwartz
Chief Communications Officer
Tel: 202.775.3242

Contact Paige Montfort
Media Relations Coordinator, External Relations
Tel: 202.775.3173
Related
Asia, Asian Economics, China, Defense and Security, Economics, Economics Program, Geopolitics and International Security, Global Economic Governance

Most Recent From Matthew P. Goodman

In the News
Russia-Ukraine war is likely to overshadow G7 and NATO meetings
NPR | Steve Inskeep
June 23, 2022
On Demand Event
The Future of Economic Order in the Asia-Pacific Region
June 23, 2022
On Demand Event
Press Briefing: Previewing the G7 and NATO Summits
June 21, 2022
Report
Allied Smart Cities
By Matthew P. Goodman, Akhil Thadani
June 14, 2022
Commentary
A Transactional Mindset Won’t Win in the Indo-Pacific
By Matthew P. Goodman
June 10, 2022
On Demand Event
POSTPONED: Unpacking the IPEF
June 2, 2022
On Demand Event
A Digital Dollar? International Considerations
June 1, 2022
In the News
China Spends Far More Than Others to Help Favored Industries, Report Finds
Wall Street Journal | Lingling Wei
May 23, 2022
View all content by this expert
Footer menu
  • Topics
  • Regions
  • Programs
  • Experts
  • Events
  • Analysis
  • Web Projects
  • Podcasts
  • iDeas Lab
  • Transcripts
  • About Us
  • Support Us
Contact CSIS
Email CSIS
Tel: 202.887.0200
Fax: 202.775.3199
Visit CSIS Headquarters
1616 Rhode Island Avenue, NW
Washington, DC 20036
Media Queries
Contact H. Andrew Schwartz
Chief Communications Officer
Tel: 202.775.3242

Contact Paige Montfort
Media Relations Coordinator, External Relations
Tel: 202.775.3173

Daily Updates

Sign up to receive The Evening, a daily brief on the news, events, and people shaping the world of international affairs.

Subscribe to CSIS Newsletters

Follow CSIS
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • Instagram

All content © 2022. All rights reserved.

Legal menu
  • Credits
  • Privacy Policy
  • Reprint Permissions