• The Changes in U.S. China Relations & New Trade Realities [encore]

  • Dec 13 2023
  • Length: 56 mins
  • Podcast

The Changes in U.S. China Relations & New Trade Realities [encore]

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  • Summary

  • As part of this special encore release, we are sharing two episodes that focus on the information CEO's must know when making major International decisions. In part 1, we dig into the two factors that have shaped the last few decades of global economics. In 2001, the U.S. granted China permanent most favored nation trade status, and China was formally admitted into the World Trade Organization. Since then, CEOs have operated their businesses to factor in a relatively cooperative economic and geopolitical relationship between the U.S. and China. But today things are different. We discuss how things have changed and what are the factors CEOs need to address as they execute their business over the next few decades. In part 2, we explore one of the greatest developments for global trade and economic growth after World War II. The creation of multilateral institutions that set the rules for international trade and economic relations among countries. Institutions like the World Trade Organization (WTO) have brought countries together to agree to a set of common practices. But as the WTO was launched to harmonize of rules for traditional commerce, technology was enabling a whole new type of commerce and only a decade later, eCommerce was a part of everyday life for billions of people. Today's CEOs must decide how to advance their tangible and intangible investments and assets, if they are to capture global opportunities. And they have to do this as geopolitics is reasserting itself over geoeconomics as the organizing principle for trade. CEOs need to adjust to a new landscape that is very different from the rules that have been in place for over 30 years. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
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