Stewart Paterson's timely book, “China, Trade and Power: Why the West’s Economic Engagement Has Failed”, promotes reasoned and informed debate on the trade relationship between the West and China.
The Hinrich Foundation supported the publication of “China, Trade and Power: Why the West’s Economic Engagement Has Failed” to promote reasoned and informed debate on the trade relationship between the West and China.
This book, by Stewart Paterson, describes the unintended consequences of the policy of engagement that led to China's accession to the WTO in 2001.
As the trading nations of the world embark on a change of direction in their policies toward trade, we believe it is of the utmost importance that we understand the true and full extent of how past policies of engagement with China have impacted Western societies.
Order your copy of “China, Trade and Power: Why the West’s Economic Engagement Has Failed” by Stewart Paterson
About the book
“China, Trade and Power: Why the West’s Economic Engagement Has Failed” describes the impacts of the policy of engagement that led to China's accession to the WTO in 2001.
It aims to equip policymakers, business leaders and civil societies to contribute to the design of mutually beneficial approaches for sustainable global trade.
It shows that China's accession to the WTO:
- Lifted hundreds of millions of people out of poverty in China, cementing the legitimacy of the Chinese Communist party and making China’s mercantilist model attractive to emerging economies in Asia.
- Had remarkable but unintended impacts on standards of living in the West.
- Resulted in a supply-side deflationary shock created by China’s low-cost exports, which when coupled with the inflation-targeting response of Western central banks, has led to a fall in real incomes for the many and a rise in asset prices for the few, raising questions about the effectiveness of liberal economic models.
Watch the video from our book launch event in Hong Kong below.
© The Hinrich Foundation. See our website Terms and conditions for our copyright and reprint policy. All statements of fact and the views, conclusions and recommendations expressed in this publication are the sole responsibility of the author(s).
Additional resources
Stewart Paterson is a Research Fellow at the Hinrich Foundation who spent 25 years in capital markets as an equity researcher, strategist and fund manager, working for Credit Suisse, CLSA and most recently, as a Partner and Portfolio Manager of Tiburon Partners LLP.
Have any feedback on this article?
Book reviews
In the news
Media interviews with book author Stewart Paterson
Letting China join the WTO was the worst decision the West ever made
A review of China, Trade and Power, Stewart Paterson's transformative book.
Expert: Trade imbalances among factors that led to U.S.-China trade war
Stewart Paterson, Hinrich Foundation Research Fellow, cites trade imbalances as one of the factors that led to the trade war between U.S. and China.
Can Asean thrive amid a US-China trade war that is not just about trade?
Key takeaways from a Hinrich Foundation and National University of Singapore Business School panel discussion about the US-China trade war.
In short, the US-China trade war is 'working for Trump'
Stewart Paterson, Research Fellow and author of China, Trade and Power, on how the US-China trade war is affecting both economies.
A review of Stewart Paterson’s book, “China, Trade and Power”, featured in IEA’s biannual magazine
China, Trade and Power – Why the West’s Economic Engagement Has Failed
Hinrich Foundation Research Fellow Stewart Paterson was interviewed by ChinaFile, an online magazine published by the Center on U.S.-China Relations.
As trade war continues, are the US and Chinese economies heading for a messy divorce?
Stewart Paterson examines important US-China issues ahead of the G20 leaders summit on June 28-29 in Osaka.
US-China trade deal may not reach the 'heart' of the problem
Stewart Paterson, author of China, trade and Power, discusses the US-China trade deal and the need for a “fundamental resetting” of the economic relationship between Western economies and China.
Jaw-Jaw: Aaron Friedberg on asking the right questions about Chinese ambitions
Stewart Paterson's book, China, Trade and Power, cited as a useful guide on the sources of current issues with China.
Author Stewart Paterson discusses his Hinrich Foundation sponsored book, “China, Trade and Power: Why the West’s Economic Engagement Failed”.
Trade war is popular, not populist
Author Stewart Paterson highlights findings from his Hinrich Foundation sponsored book “China, Trade and Power: Why the West’s Economic Engagement Failed”.
Author Paterson Discusses China's WTO Accession, Trade Spat
Stewart Paterson, author of “China Trade and Power: Why the West’s Economic Engagement Has Failed” talks about the impact of China’s accession to the World Trade Organization.
China and the WTC – a real game changer
A review of "China, Trade and Power", authored by Hinrich Foundation Research Fellow Stewart Paterson.
Hagstrom: Steel aluminum tariffs ‘here to stay’
Stewart Paterson, author of “China, Trade and Power: Why the West’s Economic Engagement Failed”, discusses the impact of tariffs on U.S. farmers.
Past events
Read about China, Trade and Power's book tour throughout the world
