Showing posts with label Kindleberger trap. Show all posts
Showing posts with label Kindleberger trap. Show all posts

Monday, March 20, 2017

Xinhua — FM: China, U.S. can avoid Thucydides Trap, Kindleberger Trap

China and the United States can sidestep the Thucydides Trap and the Kindleberger Trap and jointly chart bilateral ties from a long-term perspective, Chinese Foreign Minister Wang Yi said Monday in Beijing.…
The Thucydides Trap refers to a warning by the ancient Greek historian that cataclysmic war can erupt if a rising power causes fear in an established power.
The two countries will not fall to the Kindleberger Trap either, Wang said, as a single country cannot provide all public goods for the world with such complexity, and international cooperation is the only possible choice.
Charles Kindleberger, an intellectual architect of the Marshall Plan who later taught at MIT, believes that the disastrous decade of the 1930s was caused by the U.S. replacing Britain as the largest global power but failing to take on Britain's role in providing public goods.
Applauding U.S. Secretary of State Rex Tillerson's remarks during his recent visit to China, Wang said that China stands ready to advance bilateral ties from a strategic perspective.
Tillerson said that the United States and China should jointly chart bilateral ties for the next 50 years and plan all-round cooperation.…
China stands ready to shoulder its due international responsibilities, but never wants to lead the world, Wang said.
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FM: China, U.S. can avoid Thucydides Trap, Kindleberger Trap
Xinhua | Editor: Gu Liping

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Xinhua | Editor: Gu Liping