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International Relationship: Economics Between China And China

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Economics between USA and China

Introduction of International Relationship

International Relationship is a relations or dealing between nations and nations for their interests and purposes. Diplomatic between two nations is economics, sociology or political. Indeed, few social scientific theories have not been applied to the study of relations amongst nations. Many theories of international relations are internally and externally contested, and few scholars believe only in one or another. Differentiated principally by the variables they emphasize, for example military power, material interests, or ideological beliefs. (Slaughter, 2011)

Brief history of China and US Diplomatic

In eighteenth century, the first Representatives of United States …show more content…

China is losing arable land because of economic development. In 2010-11, China faced high inflation resulting largely from its credit-fueled stimulus program. And the government's 12th Five-Year Plan, adopted in March 2011, emphasizes continued economic reforms and the need to increase domestic consumption in order to make the economy less dependent on exports in the future. However, China has made only marginal progress toward these rebalancing goals.” (Anon., …show more content…

economy represents about 20% of total global output, and is still larger than that of China. Moreover, according to the IMF, the U.S. has the sixth highest per capita GDP (PPP), surpassed only by small countries such as Norway and Singapore. The U.S. economy features a highly-developed and technologically-advanced services sector, which accounts for about 80% of its output. The U.S. economy is dominated by services-oriented companies in areas such as technology, financial services, healthcare and retail. Large U.S. corporations also play a major role on the global stage, with more than a fifth of companies on the Fortune Global 500 coming from the United States. Its seven largest trading partners are Canada, China, Mexico, Japan, Germany, South Korea, and the United

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Former Australian politician and Prime Minister Kevin Rudd said it best when he stated the dependency on each other: “What we have seen in financial markets should bring home to us all that the central organizing principle of this 21st century is interdependence. For the century just past, interdependence may have been one option among many. For the century that is to come, there is no longer an alternative.” Interdependence refers to the fact that countries need to work with each other for trade, production, and consumption of goods to keep the global economy going. The movie A Killer Bargain demonstrates how the tactic of interdependence among countries has caused come countries wealth to flourish while others sink deeper and deeper into

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American dairy farmers (primary sector) are given opportunities to sell milk to Canada due to the TPP. Singapore, one of the Asian Tigers is apart of the Trans-Pacific Partnership pact that helps countries specialize in producing and exporting their goods that is apart of free trade and the international trade approach (tertiary sector as well). As mentioned in the article, the auto industry, a weight-gaining industry and a secondary sector, was meddled by the TPP as it leads to job losses as other nations assemble the parts of the cars (globalization). Automakers in Detroit, who are located in the area due to it being market orientated, use Chinese auto parts. Lastly, China, a newly industrial country has emerged as a prevalent investor and

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