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The United States vs. China: The Quest for Global Economic Leadership – Lawrence Summers

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April 27, 2022, Video: “C. Fred Bergsten presents the conclusions of his latest book, The United States vs. China: The Quest for Global Economic Leadership, on April 27, 2022, at the Peterson Institute for International Economics (PIIE). Stephanie Flanders (Bloomberg) chairs the event, with discussants Lawrence H. Summers (Harvard University) and Robert B. Zoellick (Former US Trade Representative). In this sweeping and authoritative analysis of the competition for global economic leadership between China and the United States, Bergsten warns of the disastrous consequences of hostile confrontation between these two superpowers. He paints a frightening picture of a world economy adopting Chinese characteristics in which the United States, after former President Trump abdicated much of its role, engages in a self-defeating attempt to “decouple” from its rival. Drawing on more than 50 years of active participation as a policymaker and close observation as a scholar, Bergsten calls on China to exercise constructive global leadership and on the United States to reject a policy of containment, avoid a new Cold War, and instead pursue “conditional competitive cooperation” to work with its allies and China to lead, rather than destroy, the world economy.”
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HKS Faculty Author – Lawrence Summers