Essays in Economic and Business History (Jun 2005)
AMERICAN BUSINESS AND NORMALIZATION OF US-CHINA COMMERCIAL RELATIONS, 1979–1980
Abstract
Building a strategic alignment against the Soviet Union was in the late 1960s the driving force behind Sino-American rapprochement. In 1978 Cold War politics prompted the Carter administration to recognize the People’s Republic. In 1979—80 military and strategic cooperation dominated Sino-Amthcan relations; economic and cultural ties were secondary. Yet growing trade and cultural exchanges were useful means for broadening the basis of the relationship and generating a perception of progress.