PENERAPAN GAME THEORY PADA RELASI AMERIKA SERIKAT DAN CINA (GAME DOLLAR AMERIKA DAN YUAN CINA)
Keywords:
currency devaluation, economic strategy, game theory, protectionism, US-China trade warAbstract
The economic and political relationship between the United States and China has been characterized by growing tensions, particularly under the Trump and Biden administrations. This paper applies game theory to model the complex dynamics of the US-China trade war, focusing on protectionism, currency devaluation, and negotiations as key strategies in the ongoing dispute. With both countries engaging in tariff imposition, currency manipulation accusations, and retaliatory measures, the paper examines the implications of these strategies through a currency war and trade war game model. The findings suggest that while protectionism may escalate into a trade war, it is a less catastrophic outcome compared to currency devaluation, which can lead to a global currency war with far-reaching economic consequences. This study underscores the importance of strategic decisions in international trade, highlighting the risks associated with both protectionist measures and competitive currency devaluation. Ultimately, it proposes that effective negotiation and strategic protectionism can prevent further economic destabilization, providing a way out of the escalating tensions between the US and China.
References
Asghari, N., Gordji, M.E., & Ghaffari, A. (2021). Modelling US-China Relationship: A Game Theory Perspective.
Askari, G., Gordji, M.E., Shabani, S., & Filipe, J.A. (2020). Game Theory and Trade Tensions between Advanced Economies.
Barron, E. N. (2024). Game Theory: An Introduction. John Wiley & Sons.
Brams, S. J. (2011). Game Theory and Politics. Courier Corporation.
Brandenburger, A. M., & Nalebuff, B. J. (1995). The Right Game: Use Game Theory to Shape Strategy (Vol. 76, pp. 57-71). Chicago: Harvard Business Review.
Camerer, C. F. (2011). Behavioural Game Theory: Experiments in Strategic Interaction. Princeton University Press.
Jiang, Z., Gong, X., Cheng, H. (2020). Research on Trading Friction between China and the US from a Game Theory Perspective.
Kapustina, L., Lipkova, L., Silin, Y., & Drevalev, A. (2020). US-China Trade War: Causes and Outcomes.
Konyukhovskiy, P.V. & Holodkova, V.V. (2017). Application of Game Theory in the Analysis of Economic and Political Interaction at the International Level.
Li, C., He, C., & Lin, C. (2018). Economic Impact of the Possible China-US Trade War.
Li, J. (2007). When are There More Laws? When Do They Matters? Using Game Theory to Compare Laws, Power Distribution, and Legal Environments in the United States and China.
Lo, C. (2021). China and the Currency War. In China's Global Disruption (pp. 125-145). Emerald Publishing Limited.
Mao, R., Lee, J., & Zeng, B. (2018). How Does China Respond to U.S. Trade Protection Policies? The Perspective of Game Theory.
Mendelson, E., & Zwillinger, D. (2024). Introducing Game Theory and Its Applications. CRC Press.
Ni, S. & Zheng, S. (2021). Game Theory Applying to Military and Trade Wars.
Roy, I. et al. (2020). Applying Game Theory to International Relations (The Case of Saudi Arabia Crude Oil Price War and US-China Trade War).
Suisheng, Z. & Guo D. (2019). A New Cold War? Causes and Future of the Emerging US-China Rivalry.
Warioba, R.T., Wainyaragania, K.A., Mansaray, B.B. (2019). A Game Theory View of China and USA FDI Outflows: Static Cournot Model of Complete Information.
Webster, T. J. (2018). Introduction to Game Theory in Business and Economics. Routledge.
Xionga, Z., Sub, Y., & Xionge, Z. (2020). An Analysis of the Trade War between China and the US.
Yin, J.Z. & Hamilton M.H. (2018). The Conundrum of US-China Trade Relations through Game Theory Modelling.
Zhu, Z., Yang, Y., & Feng, S. (2018). Trade War between China and US.
Downloads
Published
How to Cite
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
