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РУWБOРИRLКАD

Donald J. Trump (photo: fee.org) erty is the second pillar that the fight
explicitly strives for fair trade with China rests on. The
for revision, that is, cific measures to return the partner non-compliance to the industrial prop-
for a reform of the relations in world trade. The monetary erty rights, as well as the indebtedness of
trade relations with protectionism is what gives China the transfer of technology and knowledge in
China. He directly greatest competitive advantage. The ad- the Chinese companies by the American
points out that the ministratively determined price of the ones when they invest in this country is
direct culprit for the Chinese yuan gives an opportunity to estimated to a damage of more than 300
economic problems the authorities to play with the underes- billion American dollars. The third pil-
of the United States timated value of the yuan at the expense lar of the reform in the trade relations
and the developed of the increased competition of the Chi- refers to the protection of the environ-
countries is the nese products. The opinions are that in ment and the workers’ right. Although
entry of China in different periods and application of cal- the Chinese companies get unrealistical-
the WHO during culation methods, the value of the juan ly cheap raw materials for production,
the administration is underestimated from 15% to 40%. If which is considered a direct subsidy, the
of Bill Clinton, the Donald Trump gets the trust of the ma- non-compliance with the environmen-
husband of his direct jority, he obliges to immediately declare tal protection standards and the lack
competitor in these China for a currency manipulator that of workers’ rights, according to Trump,
elections, for whom will open space to introduce additional is unfair competition and direct export
he considers is the duties for the products that come from subsidy.
direct culprit for the this country. Still, the goal is not to re-
loss of the more than turn to protectionism, rather to force All of this would be an argument of
50,000 businesses China to play under the same conditions the negotiation mass if Donald J. Trump
and dozens of as all other member states of the WTO. is elected US President. Two concepts
millions of job The protection of the intellectual prop- will collide during the campaign for
positions the November elections: the first one,
which strives for adherence to the cur-
rent trade rules and continuity of the
economic relations favoring the global-
ization, a process which was accepted in
the past thirty years, which according to
many has dominantly positive effects,
and will be represented by the candidate
of the Democrats, Hillary Clinton, and
the second one, the concept of Donald
J. Trump, which advocates reconsidera-
tion of the trade relations and has com-
pletely different positions for the condi-
tion in the world economy.

According to the surveys, at the mo-
ment when this text is written, Clinton’s
advantage has melted completely, in
some surveys Donald J. Trump has a
slight advantage, which announced an
uncertain race with only one winner.
USA, that is, the American citizens, will
vote for one of these two, in many parts,
divergently different concepts. Through
the highest form in the democracy – the
elections will decide how the American
politics will be run in the years to come,
and in this way they will directly decide
for the destiny of globalization. We shall
all feel the effects!

July-August 2016 83