International economic relations of Hungary with the United States of America and the People’s Republic of China in the framework of the trade war

Szabó Bence (2021) International economic relations of Hungary with the United States of America and the People’s Republic of China in the framework of the trade war. Külkereskedelmi Kar.

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Absztrakt (kivonat)

Abstract   This paper researches the economic effects of the US-China trade war on the two great nations, the EU with special attention to the Hungarian Republic. The scope of analysis is happening through measures of global value chain participation, foreign direct investment, and trade-in value-added (TiVA). The thesis analysis covers the historical background of the tariff war between 2017 and 2020, which means that the effects of COVID-19 are not or not in length discussed in this paper. The source of this historical and economic chapter is partly attributed to colleagues at the Ministry of Foreign Affairs and Trade, in the form of a personal interview. Furthermore, special attention is paid to US-China-EU-Hungary bilateral and WTO-based multilateral agreements and relations to better understand the historical context This paper uses a TiVA analysis of the relevant statistical data of the OECD 2021 Value-added Import-Export database to assess gross export data of China, US first as total export data with all sectors combined, then in the exports fields of transport equipment, computer, electronic and electrical equipment between 1995 and 2018. Later on, Input and Outputs statistics are observed in the framework of Import content of exports shares for Hungary, the US, and China The paper’s findings revolve around the fact that the inconsistent protectionist measures adopted by all countries involved in the conflict as a double-edged sword, as global trade integration processes now have reached a level of interconnectedness that affects a chain of nations involved in one trade process and also the source or import/export origin country directly. Thus, short-term economic victories through tariff retaliations have a detrimental long-term effect on bilateral relations and economic balances. Hungary’s participation tendencies in the global value chains at the moment resulted in a dependency on larger regional trading hubs such as Germany and which dependency could have painful effects on the Central-Eastern-European country’s economy, should the trade war’s EU-related aspect of tariffs further escalate. Hungary has not benefitted from the trade war but was not largely involved in the events either.

Intézmény

Budapesti Gazdasági Egyetem

Kar

Külkereskedelmi Kar

Tanszék

Nemzetközi Gazdaságtan Tanszék

Tudományterület/tudományág

NEM RÉSZLETEZETT

Szak

Nemzetközi gazdálkodás

Konzulens(ek)

Mű típusa:	diplomadolgozat (NEM RÉSZLETEZETT)
Kulcsszavak:	China, fdi, Global Value Chains, Hungary, Tariffs, TiVA data, United States, WTO
SWORD Depositor:	Archive User
Felhasználói azonosító szám (ID):	Archive User
Rekord készítés dátuma:	2022. Már. 08. 09:11
Utolsó módosítás:	2022. Már. 08. 09:11

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