Was China's economic boom 'made in America'?
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Today, the US and China are at loggerheads. There\\u2019s renewed talk of a Cold War as Washington finds various ways to cut China out of key supply chains and to block China\\u2019s economic development in areas like semiconductors and renewables.
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\\nThere\\u2019s trade, of course, but the imbalance in that (some $370 billion in 2022) tilts in China\\u2019s favour and only serves as another source of ammunition for America\\u2019s Sinosceptics. China, on the other hand, is also decoupling in its own way, moving fast to cut its reliance on imported technology and energy.
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\\nAt this moment, it seems like US-China tensions are inevitable \\u2013 but look into the not so ancient history, and you\\u2019ll find a totally different picture. In fact, when it comes to Communist China\\u2019s early entry into the global economy, American policymakers and businesspeople were vital in the 1970s and 80s. You could even say that a big part of China\\u2019s economic success was \\u2018Made in America\\u2019.
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\\nI'm joined on the podcast by Elizabeth Ingleson, Assistant Professor of International History at the LSE, whose upcoming book contains some very interesting research on this question. It\\u2019s called Made in China: When US-China Interests Converged to Transform Global Trade. We discuss President Nixon's visit to China and how that opened up decades of American economic support to the Chinese miracle \\u2013 including at the expense of its own workers.
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\\nThere\\u2019s trade, of course, but the imbalance in that (some $370 billion in 2022) tilts in China\\u2019s favour and only serves as another source of ammunition for America\\u2019s Sinosceptics. China, on the other hand, is also decoupling in its own way, moving fast to cut its reliance on imported technology and energy.
\\n
\\nAt this moment, it seems like US-China tensions are inevitable \\u2013 but look into the not so ancient history, and you\\u2019ll find a totally different picture. In fact, when it comes to Communist China\\u2019s early entry into the global economy, American policymakers and businesspeople were vital in the 1970s and 80s. You could even say that a big part of China\\u2019s economic success was \\u2018Made in America\\u2019.
\\n
\\nI'm joined on the podcast by Elizabeth Ingleson, Assistant Professor of International History at the LSE, whose upcoming book contains some very interesting research on this question. It\\u2019s called Made in China: When US-China Interests Converged to Transform Global Trade. We discuss President Nixon's visit to China and how that opened up decades of American economic support to the Chinese miracle \\u2013 including at the expense of its own workers.