china southern airlines Systems and Power: Who Really Rules?

Panel 4 of the event,
Trade, War, and China in the 21st Century
Beyond TPP – Does America Need a New Global Strategy?

More:
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The Challenge: Two decades ago, the United States and its allies reshaped the international economic systems put into place after the Second World War to make room for India, Brazil, China, and other countries. Today it is increasingly clear that this rules-based system is being challenged, most dramatically by China’s sophisticated use of state enterprises to manipulate trade and investment flows and China’s military expansion in the South China Sea.

The Obama Administration has responded to China’s challenge through military means, such as freedom of navigation operations, and by proposing a new trade agreement to shift commerce away from China. But there are two problems with this strategy. First, there is increasing nationalism in the U.S. and Europe and a fast-growing rebellion against “free trade,” as exemplified by Donald Trump and Brexit. Second, the proposed Trans-Pacific Partnership (TPP) may not be sufficient to counter China’s power.

Our Question: Considering how trade structures affect national security, has the time come for the United States to reexamine our national trade strategy? To that end, this event will center around discussions of three new realities: 1) the growing fragility of international industrial systems after two decades of integration, 2) the swelling influence of the Chinese state in the U.S., and 3) the growing awareness of the flaws in the regulatory systems established in the 1990s. The day will end with a discussion of what questions Americans should be asking and what principles Americans should use in shaping any next generation trade strategy.

Panel IV – Systems and Power: Who Really Rules?

Since WWII the U.S. has been the main regulator of the world monetary and energy systems. The U.S. for many years was also the main regulator of industrial and scientific activity and of trade in food, metals, and other commodities. But today it is increasingly China that wields these powers.

Question: Were there basic intellectual and political flaws in the regulatory systems established in the 1990s that are responsible for the rapid shift of power to China?

Ralph Gomory,
Former Senior VP Science and Technology, IBM;
Former Executive Director, the Sloan Foundation

Haley Sweetland Edwards
Correspondent, Time Magazine
Author, Shadow Courts

Alan Riley
Professor, City Law School of City, University of London
Nonresident Senior Fellow, Atlantic Council
Senior Associate Fellow, Institute for Statecraft

Elana Broitman
Shareholder, Greenberg Traurig LLP
Former Deputy Assistant Secretary for Manufacturing and Industrial Base Policy, Defense Department, DoD Representative to Committee on Foreign Investment in the United States
Former Senior Adviser to Senator Kirsten Gillibrand

Moderator
Matthew Stoller
Budget Analyst on the Senate Budget Committee
Senior Policy Advisor to Senator Bernie Sanders

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china southern airlines Systems and Power: Who Really Rules?
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