In This Review
Bridging the Pacific: Toward Free Trade and Investment Between China and the United States
Peterson Institute, 2014, 278 pp.
This informative, provocative, and cogently argued book makes a bold—some would say quixotic—proposal for a trade and investment agreement between China and the United States. Such a pact would provide substantial mutual gains from increased trade. It would also create a framework for settling disputes on issues not covered by the World Trade Organization, of which there are and will continue to be many between these two large trading partners, which have different norms and legal systems. Such an agreement would also facilitate the macroeconomic rebalancing that both countries need. And it would contribute to the overall comity between two nations that too often view themselves as rivals. The book provides a wealth of detail on foreign trade and investment involving China, which is of great interest even independent of the authors’ main argument. It also details the commitments that both countries have already made—and those they have been unwilling to make—in the many trade agreements that have taken shape in recent years.
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