The Global Role of the United States and China

• 발행기관: 서울대학교 경제연구소
• 저자명: M. Ayhan Kose Csilla Lakatos Franziska Ohnsorge Marc Stocker
• 간행물 정보: 『Seoul Journal of Economics』Seoul Journal of Economics Volume 33 No.3, 283~305쪽, 전체 23쪽
• 주제분류: 경제경영 > 경제학
• 파일형태: PDF
• 발행일자: 2020.08.30

영문 초록

Economic developments in the United States and China, the world’s two largest economies, can have effects far beyond their shores. A slowdown in these economies would result in considerably lower global growth transmitted through trade, financial, and commodity market channels. Changing U.S. financial conditions could reverberate across global financial markets, with pronounced effects on emerging market and developing economies (EMDEs) that rely heavily on external financing. China’s continued deceleration and rebalancing toward domestic consumption and services will likely put downward pressure on commodity prices worldwide and is expected to adversely affect commodity exporters.

목차

I. Introduction

II. Linkages between the United States and the world economy

III. Linkages between China and the world economy

IV. Spillovers from the United States and China to the world economy

V. Conclusion

References

키워드

United States China Spillovers Uncertainty Trade Business cycles Global economy