PROBLEMS IN ECONOMIC COOPERATION EU – USA AND EU – CHINA
Journal Title: Проблеми системного підходу в економіці - Year 2018, Vol 6, Issue 68
Abstract
The article deals with the main tendencies and current realities of economic cooperation between the EU-USA and the EU-China. The approaches to the definition of prospects and opportunities for the development of relations between countries and integration associations in terms of integration and transformation of the international community are assessed. The dynamics of trade between the EU and the USA, main commodity groups prevailing in the import and export are analyzed. The factors of increasing the interdependence of countries in the world space are determined. A number of challenges in the post-bipolar period, which will determine, in the medium term cooperation of states, both bilaterally and multilaterally have been analyzed. The significance of the further development of the “16 + 1” interaction format between China and Central and Eastern European (CEE) countries was explored. The main trading partners of China in Europe, prospects for further entry into Western markets are established. The trade-investment component and financial interactions are estimated. Objective analysis shows the difficulty for Europeans to make strategic decisions compared to the US, as the EU's power potential is not centralized, and the intergovernmental approach to decision making within the second and third pillars of the EU weakens the possibility of forming common positions. An increase in the number of EU members is beneficial for the United States as it increases its chances of influencing decision-making from the inside. The global crisis has contributed to progress in EU-China relations, but the rapprochement between the two partners is taking very slow steps. At the same time, the ideological and mental distance of Europe and China does not allow quickly intensify economic ties to act as a motor for other forms of partnership.
Authors and Affiliations
Olha Polous, Dmytro Zakharenko
Keywords
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- EP ID EP512194
- DOI 10.32782/2520-2200/2018-6-4
- Views 169
- Downloads 0
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