TY - JOUR
T1 - The Global Role of the United States and China
AU - Kose, M. Ayhan
AU - Lakatos, Csilla
AU - Ohnsorge, Franziska L
AU - Stocker, Marc
PY - 2020
Y1 - 2020
N2 - Economic developments in the United States and China, the world's two largest economies, can have effects far beyond their shores. A slowdown in these economies would result in considerably lower global growth transmitted through trade, financial, and commodity market channels. Changing U.S. financial conditions could reverberate across global financial markets, with pronounced effects on emerging market and developing economies (EMDEs) that rely heavily on external financing. China's continued deceleration and rebalancing toward domestic consumption and services will likely put downward pressure on commodity prices worldwide and is expected to adversely affect commodity exporters.
AB - Economic developments in the United States and China, the world's two largest economies, can have effects far beyond their shores. A slowdown in these economies would result in considerably lower global growth transmitted through trade, financial, and commodity market channels. Changing U.S. financial conditions could reverberate across global financial markets, with pronounced effects on emerging market and developing economies (EMDEs) that rely heavily on external financing. China's continued deceleration and rebalancing toward domestic consumption and services will likely put downward pressure on commodity prices worldwide and is expected to adversely affect commodity exporters.
U2 - 10.22904/sje.2020.33.3.002
DO - 10.22904/sje.2020.33.3.002
M3 - Article
SN - 1225-0279
VL - 33
SP - 283
EP - 305
JO - Seoul Journal of Economics
JF - Seoul Journal of Economics
IS - 3
ER -