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Samuelson's Concern, Kindleberger Trap and U.S. Trade Protectionism
by
Yuan Qian
in
Cooperation
/ Division of labor
/ Economic theory
/ Economics
/ Free trade
/ Globalization
/ International relations
/ International relations-US
/ International trade
/ Protectionism
/ Self sufficiency
2019
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Samuelson's Concern, Kindleberger Trap and U.S. Trade Protectionism
by
Yuan Qian
in
Cooperation
/ Division of labor
/ Economic theory
/ Economics
/ Free trade
/ Globalization
/ International relations
/ International relations-US
/ International trade
/ Protectionism
/ Self sufficiency
2019
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Samuelson's Concern, Kindleberger Trap and U.S. Trade Protectionism
Journal Article
Samuelson's Concern, Kindleberger Trap and U.S. Trade Protectionism
2019
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Overview
\"Samuelson's Concern\" and \"Kindleberger Trap\" are cited as justifications for trade protectionism under the Trump administration. After reviewing Samuelson's and Kindleberger's trade theories, this paper finds that both Samuelson and Kindleberger are actually proponents of free trade, and that their common concern is falling US competitiveness due to its economic model, domestic institutional rules, and unilateralism. Both the \"Samuelson's Concern\" and \"Kindleberger Trap\" are distortions of Samuelson's and Kindleberger's original theories and the arguments' defense of protectionism cannot overcome the challenges confronting the U.S. and will destabilize international economic order.
Publisher
中国社会科学院工业经济研究所,Institute of Industrial Economics, Chinese Academy of Social Sciences
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