Transoceanic trade triangle of the US-EU-China a game theoretical analysis on its present and future relations /
As part of global trade, the emergence of free trade agreements has resulted in the removal of tariff and non-tariff barriers over the past seventy years. The major trade actors (European Union, United States, and China) have become economic rivals, which make them compete in confrontational or coop...
Elmentve itt :
| Szerző: | |
|---|---|
| Testületi szerző: | |
| Dokumentumtípus: | Könyv része |
| Megjelent: |
2022
|
| Sorozat: | Proceedings of the European Union’s Contention in the Reshaping Global Economy
|
| Kulcsszavak: | Nemzetközi kapcsolatok - Európai Unió-Nagy-Britannia-Kína - 21. sz., Kereskedelmi politika, Szabadkereskedelem |
| Tárgyszavak: | |
| doi: | 10.14232/eucrge.2022.5 |
| Online Access: | http://acta.bibl.u-szeged.hu/75069 |
| Tartalmi kivonat: | As part of global trade, the emergence of free trade agreements has resulted in the removal of tariff and non-tariff barriers over the past seventy years. The major trade actors (European Union, United States, and China) have become economic rivals, which make them compete in confrontational or cooperative ways for greater benefits and welfare. This paper discusses three free trade agreements between the US‒EU‒China: the Transatlantic Trade and Investment Partnership (TTIP), EU-China Comprehensive Agreement on Investment (CAI), and the Economic And Trade Agreement Between The Government Of The United States Of America And The Government Of The People’s Republic Of China (ETA). The author’s contribution is the creation of alternative scenarios to analyse the effects of these treaties on profit from a game theoretical approach. The results of this model suggest that cooperation generates greater economic benefits in each situation compared to competitive strategy. At the same time, players’ welfare cannot be identified with profit in all cases. |
|---|---|
| Terjedelem/Fizikai jellemzők: | 68-84 |
| ISBN: | 978-963-306-852-6 |