China’s accession into the World Trade Organization (WTO) was hailed as an important step of the now second-largest economy into the global trade community. But those illusions are over, says trade expert Harry Broadman to Gulfnews. “China has forfeited its right to be treated as a WTO market economy.”
China is adamant when it says it does not want to replace the United States as an international player. But what does it want, asks The Diplomat Shaun Rein, author of The War for China’s Wallet: Profiting from the New World Order. ” Many nations feel Western, historically ethnically white nations have an outsized say in institutions like the World Bank or IMF and feel the U.S. contains their growth.”
US president Donald Trump has been going aggressively after China as a trade partner. But is it working? Political analyst Sara Hsu does not think so, she explains in Forbes.”From the Boston tea party to the Smoot Hawley tariffs imposed during the Great Depression, protectionist measures have always imposed far higher costs than benefits.”
US president Donald Trump’s bilateral approach for solving trade issues would have worked in 1818, not in 2018, writes China veteran Harry Broadman in the Gulf News. The US do have serious trade problems with China, but the US would be better off if Trump would be able to create more alliances.
North and South Korea have started talks, potentially defusing the tension in the region. Time for a new and more positive approach of China’s unruly neighbor, says Harry Broadman, former PwC Emerging Markets Investment Leader; in Gulf News. For example by nurturing the country’s private sector. It might be coming as a surprise for many, but North Korea does have a private sector, Broadman writes.
Globally recognized authority on China’s enterprise and banking reforms Harry Broadman has decided to join the China Speakers Bureau. Dr. Broadman has 40+ years as senior business executive and board director throughout the emerging markets; Pioneering thought-leader on global business growth strategy, risk and innovation. He is a private equity investor and former PwC Emerging Markets Investment Leader. His long track record included functions like Chief of Staff, U.S. President’s Council of Economic Advisors, World Bank Official, Harvard Faculty.
Current: Partner and Chair, Emerging Markets Practice, Berkeley Research Group LLC (Global Litigation Expert Witness Consulting Firm on Trade/Investment Disputes and Arbitration, Antitrust, CFIUS, Corporate Governance, FCPA, Regulation, and Damages); CEO and Managing Partner, Proa Global Partners LLC (Global Transaction Advisory Firm); Johns Hopkins Faculty; Corporate Board Director; Monthly Columnist