This EASG-CSGR-PAIS talk, delivered by Norbert Gaillard, Fumihito Gotoh and Rick Michalek is based on the recently published book, The Future of Multilateralism and Globalization in the Age of the U.S.–China Rivalry. It investigates how a new modus vivendi between China and the United States in the post-globalized world requires increased economic interdependence. This is because, despite the distrust between G20 economies, heightened international cooperation is required in order to avert a shift to nationalism and protectionism and to fight financial and climate crises. The seminar will discuss several topics: the respective characteristics of Chinese and U.S. capitalisms; the way China is reshaping the international financial architecture; and the initiatives to secure critical mineral supply chains and global value chains. A comparison of Chinese capitalism with American and Japanese models will be presented, along with a case study on China's vehicle electrification.

Norbert Gaillard is an economist and independent consultant. He has taught at the Ecole Supérieure de Commerce de Paris, the University of Geneva, and the Graduate Institute. He has served as a consultant to various international institutions and financial firms. His main areas of expertise are public debt and sovereign risk, local government debt and subnational risk, credit rating agencies, country risk, and moral hazard.

Fumihito (Fumi) Gotoh is a lecturer in East Asian Studies at the University of Sheffield. Previously, he was a teaching and research fellow in the Department of Politics and International Studies at the University of Warwick. His research interests include comparative capitalisms (particularly between Anglo-American countries, Japan, and China) and the politics of finance.

Rick Michalek is an independent consultant and the senior partner of RJM Consulting, a legal and financial consulting group based in the New York area. A graduate of Columbia University with both a JD and an MBA, he worked as a former senior credit officer and legal analyst at Moody’s in the structured derivatives group. Rick has authored and co-authored and co-edited (with Norbert Gaillard) a number of academic articles and books as a part of their series, International Studies in Money and Banking.