University of Basel, Kollegienhaus, Petersplatz 1, 4051 Basel
Economy & Law
Trade with China: The Likelihood and Consequences of Decoupling
Lecture by Prof. Gene M. Grossmann, Princeton University
Has globalization peaked? Will economic and geopolitical tensions lead us to a new era of disintegration and deglobalization, led by a decoupling of the U.S. and Chinese economies, or perhaps even a polarization of the world economy into separate economic hubs comprising the United States and its Western allies and China, Russia, and their satellites?
This event will consider the extent to which deglobalization has already begun in response to the “Trump tariffs” and the ensuing U.S.–China trade war. It will evaluate the likelihood of further decoupling in the light of the political and economic forces at play and review recent economic studies that estimate the effects using state-of-the-art quantitative trade models. Disintegration would be costly for all parties, especially if it involves significant technological decoupling.
Program
18.15 h: Welcome and Introduction, Prof. Rolf Weder
18.20 h: Speaker, Prof. Gene M. Grossman
19.05 h: Discussion, Prof. Gene M. Grossman, Prof. M. Scott Taylor, Prof. Rolf Weder, and audience
19.45 h: Apéro
Participants
Prof. Gene M. Grossman
Professor of International Economics, Princeton University, New Jersey (USA). He has received numerous professional honors and awards from all over the world. He was elected a Fellow of the Econometric Society as well as of the American Academy of Arts and Sciences, among others. He is also a research associate of the National Bureau of Economic Research.
Professor Grossman has written a large number of widely cited academic papers and books on international trade. He has pioneered the research on the relationship between Innovation, Growth and Globalization. Another branch of Professor Grossman’s research focuses on the political forces that shape modern trade policy. Finally, he contributed fundamental insights on outsourcing, international trade in tasks and the global value chain.
Prof. M. Scott Taylor
Professor of International Economics, University of Calgary, Alberta (Canada) and former President of the Canadian Economics Association. Professor Taylor currently teaches the Master Course “International Trade, Resources, and the Environment” at the Faculty of Business and Economics.
Prof. Rolf Weder
Professor of International Trade and European Integration and Dean of the Faculty of Business and Economics of the University of Basel.
Lecture Series on Innovation in the Global Economy
The Lecture Series provides a platform for renowned researchers in Business and Economics to present their research results and thoughts on “Innovation in the Global Economy” to a broad audience. The events tackle the challenges of globalization and new technologies for society, policy makers and companies. They also focus on the determinants of innovation in open economies. The discussion plays an important role in the Lecture Series.
Registration is appreciated but not mandatory, admission is free.
Organizer:
University of Basel, Faculty of Business and Economics
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