How can the role of the state in economic development cause conflicts during globalisation ? the inevitable US-China semiconductor trade dispute in comparison with the NIE experiences.

Abstract

This short paper concerns how the role of the state in economic development can cause conflicts during globalisation. By examining the trade disputes between four East Asian countries (Japan, Korea, Taiwan and China), and the US over semiconductors, the findings of this research suggest that the conflicts were caused by tensions between the different development visions held by developing and developed countries.