Source: Taiwan Zhongshi News Network

Author: Yin Qiming

U.S. Guoan Consultant Su Liwen gave a speech at the Brookings College on the 27th of last month to talk about the new international economic policy in the United States and explain that the strategy of Biden's government is to respond to the core of the United States.challenge.Although the content of this speech was reported by multiple media abstracts, it ignored its importance, because it completely explained the concept and direction of the new international economic policy of Biden, which can predict the direction of its future economic policies and measures.

In the

In the speech, Sulvin first pointed out that the United States is facing four basic challenges. One is that the industrial base in the United States has been empty, which has disappeared in vibrant public investment in the United States.Trade liberalization, these occurred the assumptions that the market can efficiently allocate capital in the economic policy.

Followed by the United States is in a new environment defined by geopolitics and security.In the past few decades, many international economic policies have been based on economic integration that will make countries more responsible and more open -minded, more peaceful and more cooperative global order, but it is not the case.The military ambitions in the region are preventing Russia from invading Ukraine.

Third, the United States is accelerating the climate crisis, and it is urgent to meet justice and effective energy transformation.Finally, the United States has uneven distribution of benefits brought about by the United States, and its harm to democracy.

Faced with these challenges, the solution proposed by the Biden government is the three major "TO BUILD": establishing production and innovation energy, the toughness of the establishment of natural disasters and geopolitical shocks, establishing a middle class in the United States and the establishment of the US middle class andGlobal workers have greater opportunities to inclusive.

Based on the above thinking, the Bayeng government has taken five major steps in the practice, including: selecting specific industrial departments and establishing a foundation with modern American industrial strategies, cooperating with allies to establish energy, toughness and inclusiveness, focus on the current core challenges requiredThe innovative new international economic partnership, and the ex -dollar US dollar into emerging economies in different ways of mainland China and the way to protect the basic technology of the United States in the method of emerging economies and the method of "small walls high walls" (narrowing scope).

Looking at the new international economic policies that Su Liwen held up, although it is mainly surrounded by themes such as Guoan, Industry, Climate, Middle Class, emerging economy, etc., according to its axis heart, it can be called the economic policy of geopolitical orientation.Reading its content can be found full of fallacy, contradictions, and selfishness.

For example, last year, US Treasury Secretary Yellen announced in a speech at the Atlantic Council that the Bayeng government will respond to the global economic dispute with the "friendly bank" policy.Or the market position of the product hurts our economy, or the implementation of unwelling geopolitical advantages. "However, the United States itself uses its market position in semiconductor technology, equipment, software, etc. to require countries. All products that use the aforementioned elements in the United States are not allowed to export to countries such as mainland China to expand their geopolitical advantages.

As for Aiyan, you can also see the American teacher's self -use.The United States uses a chip bill to provide large -scale subsidies to attract investment semiconductor manufacturing; use the inflation bill to provide high tax discounts to new energy vehicles that meet the local self -control rate;The purchase of domestic goods, etc., is practicing the policy of "priority in the United States", eliminating the interests of allies, and completely showing that it is fundamentally sacrificing others to achieve their own interests.

In order to promote its modern new international economic policy, the Bayeng government even exaggerated the empty facts of its industrial base.In 2010, the exports of manufacturing departments in the United States accounted for 9.4%of the world. By the eve of the warming of the US -China trade war in 2018, the proportion of the export was only 9.0%, and exports from 2010 to 2018 still increased by 25%.Compared with Taiwan, during the same period, the export of manufacturing departments in Taiwan accounted for 2.5%to 2.3%from 2.5%. Should Taiwan also shout that the industry is empty?

The biggest problem with the new international economic policy is the principle of violation of economic operation. In international economic relations, its "geopolitics first" intervention damage globalization, and brings harm to global economic growth, emerging economies and job opportunities.EssenceThe International Monetary Fund has estimated that de -globalization has brought negative impact on foreign direct investment and financial stability.European Central Bank President Lagarde warned: The crushing global economy will cause trade reduction, output, and high inflation.The new international economic policy of the United States will only bring global turmoil and economic crisis.

(the author is the former chairman of the Taiwan Economic Construction Council and the former Economic Minister)