中美贸易摩擦【外文翻译】.docVIP

　　外文翻译 　　原文 　　US AND CHINA TRADE FRICTION 　　Material Source: Author: PHAN CAM TUINTRODUCTION 　　The history of trade passed by more than thousands of years （Dechent andHewitt 2008, 12）， the milestones were marked in 500 BC when ancient networksestablished between Greece cum its Eastern neighbors and from 206 BC to 220 ADwhen the “Silk Road” connected between China and markets concluding India,Afghanistan, Iran and Europe. Over years, trade has expanded towards theinternational scale and plays an important role in the world economy. Along withthis trend, theories related to trade have been developed and more perfected. In thisassignment, I will go into details of trade theories from classical to neoclassical andthen implement them to explain the underlying current reach-to-peak trade frictionbetween US and China. 　　LITERATURE REVIEW 　　According to the classification of Appleyard, Field and Cobb （2006）， theoriesinherent in trade are divided into two main streams consisting of the classical andneoclassical or modern. With respect to the early theory of trade, there areconceptions of Mercantilists and three salient economists embracing David Hume,Adam Smith and David Ricardo. Re Mercantilism or political economy of statebuilding, albeit it was derived from the years of 1500 to 1750, so far it still remainsits original values and has been applied in various nations, notably China in this case. 　　For this reason, I am sure I should discuss fully issues adhered to it. 　　The key thinking of this school is that the acquisition of gold and preciousmetals is the origin of wealth and power of a country. Trade is regarded as a zerosum game or beggar-thy-neighbor, that is, the win of one side in trade is at theexpense of the loss of the other one. In other words, there are no play-fair game andmutual or reciprocal benefits among parties taking part in doing trade. One party hasto lose its profit in return for the gain of the others. In addition, the Mercantilistsstressed that exp