Factors that shape national interests - Economic Prosperity Flashcards
Trade deficit with China peaked at…
Which was exacerbated by…
$419.2b in 2018.
China’s forced technology transfers of US companies.
How does the US-China trade deficit shape the US’ economic prosperity?
It creates the perception that the US is being taken advantage of, weakening its standing as the most prosperous state in the world.
Trump quote on China…
“we can’t continue to allow China to rape our country.”
What are the US’ claims of China’s unfair trading practices?
Intellectual property theft and Forced technology transfers
Quote on technology threat by Mike Pence (2018)…
“Chinese security agencies have masterminded the wholesale theft of American technology –- including cutting-edge military blueprints”
How many manufacturing jobs has the US lost since 1997?
5 million
What is widely scapegoated for this loss of manufacturing jobs?
Mexico and China instead of advances in technology.
Trump’s tariffs in attempt to rebuild US domestic economy such as the steel industry include…
45% on Chinese and 35% on Mexican imports
Why is climate change a factor that shapes economic prosperity (negatively)?
Because…
Engaging in multilateral action to mitigate the crisis is expensive (Trump claimed it would cost the US GDP a loss of $3 trillion)
It also threatens fossil fuel and carbon intensive industries.
Why is climate change a factor that shapes economic prosperity (positively), (quote from Biden 2017)?
Because…
Biden sees action on climate change as an “opportunity to create so many jobs, while doing so much good”
