‘System friction’ in China-EU economic relations and the reaction of the EU

In the period between 2015 and 2020, we have witnessed an increase in ‘system friction’ in the trade and investment relations between the EU and the People’s Republic of China (PRC). This paper focuses on the meaning of this notion of ‘system friction’, originally coined by Sylvia Ostry and on how t...

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Autor principal: Voogsgeerd, Herman
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Springer Berlin Heidelberg 2023
Materias:
Original Paper
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9942015/
https://www.ncbi.nlm.nih.gov/pubmed/36843644
http://dx.doi.org/10.1007/s10308-023-00667-9
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author Voogsgeerd, Herman
author_facet Voogsgeerd, Herman
author_sort Voogsgeerd, Herman
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description In the period between 2015 and 2020, we have witnessed an increase in ‘system friction’ in the trade and investment relations between the EU and the People’s Republic of China (PRC). This paper focuses on the meaning of this notion of ‘system friction’, originally coined by Sylvia Ostry and on how the EU and especially the European Commission reacted to this friction. This notion might present an alternative to the notion of ‘system rivalry’. The result of system friction in the relation between the EU and the PRC had been a convergence towards more trade defensive moves. A form of managed trade with help of a ratified Investment treaty between the two sides might be a potential outcome.
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spelling pubmed-99420152023-02-21 ‘System friction’ in China-EU economic relations and the reaction of the EU Voogsgeerd, Herman Asia Eur J Original Paper In the period between 2015 and 2020, we have witnessed an increase in ‘system friction’ in the trade and investment relations between the EU and the People’s Republic of China (PRC). This paper focuses on the meaning of this notion of ‘system friction’, originally coined by Sylvia Ostry and on how the EU and especially the European Commission reacted to this friction. This notion might present an alternative to the notion of ‘system rivalry’. The result of system friction in the relation between the EU and the PRC had been a convergence towards more trade defensive moves. A form of managed trade with help of a ratified Investment treaty between the two sides might be a potential outcome. Springer Berlin Heidelberg 2023-02-21 2023 /pmc/articles/PMC9942015/ /pubmed/36843644 http://dx.doi.org/10.1007/s10308-023-00667-9 Text en © The Author(s) 2023 https://creativecommons.org/licenses/by/4.0/Open AccessThis article is licensed under a Creative Commons Attribution 4.0 International License, which permits use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons licence, and indicate if changes were made. The images or other third party material in this article are included in the article's Creative Commons licence, unless indicated otherwise in a credit line to the material. If material is not included in the article's Creative Commons licence and your intended use is not permitted by statutory regulation or exceeds the permitted use, you will need to obtain permission directly from the copyright holder. To view a copy of this licence, visit http://creativecommons.org/licenses/by/4.0/ (https://creativecommons.org/licenses/by/4.0/) .
spellingShingle Original Paper
Voogsgeerd, Herman
‘System friction’ in China-EU economic relations and the reaction of the EU
title ‘System friction’ in China-EU economic relations and the reaction of the EU
title_full ‘System friction’ in China-EU economic relations and the reaction of the EU
title_fullStr ‘System friction’ in China-EU economic relations and the reaction of the EU
title_full_unstemmed ‘System friction’ in China-EU economic relations and the reaction of the EU
title_short ‘System friction’ in China-EU economic relations and the reaction of the EU
title_sort ‘system friction’ in china-eu economic relations and the reaction of the eu
topic Original Paper
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9942015/
https://www.ncbi.nlm.nih.gov/pubmed/36843644
http://dx.doi.org/10.1007/s10308-023-00667-9
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