Читать книгу Financial Cold War. A View of Sino-US Relations from the Financial Markets онлайн

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In the face of growing domestic social tensions arising from wealth and income inequality, the political elites in both countries have resorted to populist nationalism. This is discussed further in ssss1. The result has been escalating Sino-US tensions, with the Financial Cold War recently heating up in the form of a widening geopolitical clash being played out in the financial and economic spheres.

Conventionally, there are considered to be seven economic tools suited to geopolitical application: trade policy; investment policy; economic and financial sanctions; financial and monetary policy; economic aid; cyber; and energy and commodities.ssss1 The latter two have certainly been applied in Sino-US geopolitical context but, since these verge on the domain of conventional warfare, they fall outside the scope of this volume, which is focused on the financial and economic dimensions of the relationship that are stoking tensions. Nevertheless, as highlighted in this book, each of the other tools in the economic arsenal has been mobilised in an escalating Sino-US conflict.