Reshuffling of global value chains: United States-China rivalry and the role of the EU

Alicia García Herrero, profesora adjunta, Hong Kong University of Science and Technology (HKUST); investigadora sénior, BRUEGEL (Bruselas); investigadora no residente, Instituto de Asia Oriental, National University of Singapore  (NUS); economista jefe para la región Asia-Pacífico, banco de inversión francés NATIXIS. alicia@ust.hk. ORCID:https://orcid.org/ 0000-0003-4916-7293 

The United States and China are locked in a strategic rivalry covering numerous fields, like trade and finance. The most important one, however, is technology. Given how rapidly this rivalry is growing, we can speak of two ever more clearly defined, albeit still interrelated, ecosystems in the areas of semiconductors and artificial intelligence (AI). In turn, global production chains are being reshaped partly on economic grounds, but, without question, for geopolitical reasons too. These changes will not only impact trade flows throughout the world, but also foreign direct investment (FDI), gradually splitting production into two major blocs, based on differing technologies and standards. Where does the European Union (EU) stand in in all this?. 

Key words: China, United States, split, strategic rivalry, technology, trade, investment, global value chains 

How to cite this article: García Herrero, Alicia. «Reconfiguración de las cadenas globales de valor: rivalidad Estados Unidos-China y rol de la UE». Revista CIDOB d’Afers Internacionals, n.º 134 (septiembre de 2023), p. 51-73. DOI: doi.org/10.24241/rcai.2023.134.2.51

Revista CIDOB d’Afers Internacionals, n.º 134, p. 51-73
Cuatrimestral (mayo-septiembre 2023)
ISSN:1133-6595 | E-ISSN:2013-035X
DOI: https://doi.org/10.24241/rcai.2023.134.2.51

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