Economic, social interdependence between US and China makes disconnection impossible: Joseph S. Nye – Community News
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Economic, social interdependence between US and China makes disconnection impossible: Joseph S. Nye

Given the economic and social interdependence between the United States and China, it is impossible for the two countries to decouple, notes an American political scientist.

“While some voices in Washington speak of ‘decoupling’, it would be foolish to think that we can completely separate our economy from China without huge costs,” wrote Joseph S. Nye, dean emeritus of the John F. Kennedy School of Government. from Harvard University. in a guest essay published Tuesday in The New York Times.

Nye criticized the idea of ​​the Cold War by some US politicians as a “lazy and potentially dangerous” idea that is “bad for history, bad for politics and bad for our future”.

Those politicians have locked their minds in a traditional two-dimensional chess model, where one country, with no economic or social connections from another, can largely take over the latter through its military prowess, Nye wrote.

However, the relationship between the United States and China is based on a three-dimensional premise, with “a division of power at every level — military, economic and social — not just one,” he noted.

While the United States and China are “deeply interdependent” economically, the social fabrics of the two countries are also “deeply intertwined,” he wrote, adding that American politicians must therefore “carefully plan their steps.”

An article published Monday in The Wall Street Journal also pointed out that the world’s two largest economies are highly interdependent.

Labor shortages, hungry demand for goods and inflation in the United States, alternating with power outages, weak consumption and sharply declining real estate activity in China, will at least help “the vicious circle of escalation that has poisoned the global investment climate and made fear of doing more.” to increase, to contain”. serious conflict over the past three years,” the article said.

“Supply issues and policy decisions in both countries are exacerbating the imbalances and interdependencies that have contributed to the emergence of ‘Chimerica’ to begin with,” it added.

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