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United States-China Trade War 2019: Its Impacts on European Economies

United States-China Trade War 2019: Its Impacts on European Economies
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Author(s): Hassan Syed (BPP Law School, UK)and Sema Yilmaz Genç (Kocaeli University, Turkey)
Copyright: 2020
Pages: 20
Source title: Cross-Border Cooperation (CBC) Strategies for Sustainable Development
Source Author(s)/Editor(s): Rui Alexandre Castanho (University of Da ̨browa Górnicza, Portugal)
DOI: 10.4018/978-1-7998-2513-5.ch008

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Abstract

Global economics has two versions. One is the economic realities that are based on our lived world view and explained by our experience of it each day. The other is the complex and theoretical economic view presented by mainstream economists. There is no correlation between the two world views. There is little respect left for the ‘predictions' offered by mainstream economics through the use of obfuscating mathematics in practical business decision making. The 2008 financial crisis made this position even more profound. China, the United States, and Europe are the three main contributors to the total productivity of the globe.

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