China, the United States, and the Global Economy

From 1998 through 2000, the China Reform Forum (CRF) in Beijing and RAND in Santa Monica have jointly organized an annual conference of experts from China and the United States, focusing on economic and security subjects of mutual concern. Venues of the three conferences alternated between Beijing and Santa Monica, and conference participants included practitioners as well as scholars from both countries.

This book contains the papers delivered at the 1999 conference in Santa Monica, California, whose theme, “China, the United States, and the Global Economy,” provides the book’s title. The conference agenda and list of participants appear at the end of this volume.

The broad theme was deliberately chosen to provide ample scope to address both economic and security interests and concerns of the United States and China. While the theme was overly ambitious, it allowed participants to address both quantitative and qualitative aspects of the subject: quantitative data relating to trade and investment, both bilaterally between China and the United States, and multilaterally between them and the rest of the world; and qualitative considerations such as those relating to China’s (and Taiwan’s) membership in the World Trade Organization (WTO), as well as the convergent and divergent security interests of China and the United States.

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