Abstract
The governmental institutions play a fundamental role in the world since they are in charge of regulating the problems of international character, nevertheless a series of problems were generated with China (Commercial War) due to the unfair competition, this caused that the WTO will take the pertinent measures so that everything concludes in the best way considering that China and the United States are the greater powers at world-wide level, are countries that have too much political and economic power that many times are going to have an impact in spite of the intervention of the governmental or nongovernmental organizations; Another aspect was the COVID-19 that generated a series of infections worldwide where the WHO acted immediately trying to mitigate the spread of this pandemic, but this has not been possible because in turn the infected and dead people are rising in catastrophic ways, the solutions that all countries are considering has been a vaccine which is in the process of creation and that consequently to all this crisis has meant a decrease in the capital of each country affecting the economy.
Chinese Renaissance
There are many examples of a nation’s political and economic revival, but we were surprised to note the famous «Chinese renaissance» and its influence on the international community. Indeed, the Chinese Communist Party (CCP) has successfully infiltrated several international organizations to promote its established agenda, but this has generated alarming concerns for the American power, whose country has proven to be at the top of this international trade dynamism (Avendaño, 2013). Effect that led to the response of the strategy to create a new special envoy post to counteract any progress generated in the Asian countries gaining influence in the UN (Ornelas, 2018).
In order to contextualize the reader, it is essential to mention the complex relationship between the United States and China due to technological hegemony in the 21st century: AI, Iot, Big Data, robotization, that is, artificial intelligence, an area empowered by the Chinese republic with the support of the World Trade Organization (WTO) (Rosales, 2019). As can be deduced, the trade war between these two nations officially involved the WTO and the IMF, in fact, thanks to the legal vacuum between the policies of these two international organizations in the absence of a definition of rules for what is a «developing nation», a term coupled by China for its own benefit (Carriço, 2013).
The violation of international trade rules: an eternal dispute
While it is true that there was a violation of international trade rules by China, the CPC did not limit itself to any practice because of its protection in the WTO, an organization that has previously been lenient with the Asian country, however, the United States increased its tariffs from 10% to 15%, being a mechanism of economic sanction and defense against the theft of the «American intellectual property» (Tzili, 2018), however this tax rate is much higher than the one paid by the Americans in their imports, therefore, the different international organizations had to intervene to develop an agreement, which later was made on January 15, 2020 (Pasquale, 2005).
Having said that, this agreement between the two titans did not symbolise economic progress and could not guarantee a lasting trade truce, especially if both parties wanted to be the epicentre of the world economy, and that this is also considered to be interference in the fulfilment of the Chinese dream’, in other words, Made in China 2025′ (Ribeiro, 2013), which would transform the People’s Republic of China into a modestly prosperous country due to the fusion of industrialization with artificial intelligence, generating an even greater deficit in its trade balance with the United States if it manages to achieve what it is proposing, being a critical blow to the U. economy and its hegemony (Liao, 2013).
Finally, in relation to the above implications, elements such as equity participation and increased capital loans approved by World Bank (WB) members to China would lead to the CPC’s increased participation in the International Monetary Fund (IMF) Special Drawing Rights (SDR) quota (Gaspar, 2013), having more in their favor and convenience international organizations in this process of globalization unlike the United States, which underestimated its trade competition and would pose a threat to global economic expansion, this is undoubtedly an eternal dispute (Cisneros, 2018).
COVID-19: enemy of the economy
Many will think impulsively about the spread of the Coronavirus and how it is lethal to the health of each of us. Moreover, this would not only be a matter of concern since few will have seen the true impacts of this pandemic on the world economy (Fauci, H, & Redfield, 2020). China, which in its growth boom saw only a prosperous future in the face of the trade war with the United States, has been critically exposed to reform through protectionist spending, unlike the American country, which has taken advantage of the rigorous boosting of its economy, leaving behind the concern of controlling the virus (OECD, 2020).
According to the WHO situation report on Coronavirus Disease 2019 (COVID-19) of 17 February 2020, 71,429 cases have been documented worldwide. Of these, the number of cases from China is 70,635 and the remaining 794 cases are from 24 different countries, including Japan, the Republic of Korea, Viet Nam, Singapore, Australia, Malaysia, Cambodia, the Philippines, Thailand, Nepal, India, Sri Lanka, the United States of America, Canada, France, Germany, Italy, the United Kingdom, the Russian Federation, Belgium, Finland, Spain, Sweden and the United Arab Emirates. The disease has claimed 1775 victims so far, and the mortality rate is 2.8 per cent (WHO, 2020)
As Kenneth Burke said, «A way of seeing is also a way of not seeing: to focus on object A is to neglect object B» (Peckham, 2020) This certainly worries the WHO as they see in the facts that different countries like the United States have not taken the COVID-19 seriously enough apart from their commercial competition which even highlights the importance of overcoming the impact of this pandemic to win the Asian countries fight against poverty and how in turn the CPC intends to deepen the reform of health insurance systems for the solution of the unbalanced and insufficient development it has had in this system according to them, however, this story is not yet over. (Mills, Wang, & Han, 2019).
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