Der Kampf um Wertschöpfungsketten: Krieg gegen den Freihandel?

Against the backdrop of the present conflict between China and the US, public discourse often sees free trade is a value as such; more aptly put, it is a method to generate prosperity. Within the market economy context, there are others methods of attaining wealth that may be in conflict with free trade. The following contribution shows that an institutional economics approach is able to explain the present trade conflict relating to fundamentally altered risk and communication structures.