"...[T]he joining of the two continents would increase trade and employment. It would facilitate Mr. Obama's goal of doubling American exports and increasing investment and consumption. Ms. Merkel would smile as German cars and medical equipment poured into American markets, and Washington would return the favor with microprocessors, biotechnical devices and liquid natural gas. If the deal is concluded next year as planned, economists estimate the creation at least one million jobs over 10 years, and a 0.5 percent increase in G.D.P., on both sides of the Atlantic. The new pact would draw together 259 of the Fortune 500 companies. Investment flows and tourism would bubble to new heights."

Harvard and Beijing representatives met in Beijing January 13–16, 2013 to discuss challenges and opportunities in U.S.-China relations. Richard Rosecrance, director of Harvard's U.S.-China Relations Project, writes that despite a warm welcome and  cordial personal relations on both sides, "no agreements were reached on short or long term policy."

Economic forecasts suggest that China will approximate U.S. economic power sometime in the 2020s, and the question arises: Can conflict then be avoided, or will we extend the litany of past conflicts?

A higher Renminbi will have two advantages: for the United States, it will help to equilibrate the past trade imbalance; for China, it will stimulate consumption (and enhance imports). It will therefore help China switch from a purely exporting strategy to one that maintains domestic growth through internal consumption.  The goods that were to be sent abroad can now be consumed by an increasingly middle class nation at home.  These steps will bring China and the United States closer economically and increase international stability. However, unless the military-security relations of the two countries improve, this will not be a sufficient remedy for the two nations' long term problems.

Over several years, some of the most distinguished Chinese and American scholars have engaged in a major research project, sponsored by the China- U.S. Exchange Foundation (USEF), to address the big bilateral and global issues the two countries face. Historically, the ascension of a great power has resulted in armed conflict. This group of scholars—experts in politics, economics, international security, and environmental studies—set out to establish consensus on potentially contentious issues and elaborate areas where the two nations can work together to achieve common goals. Featuring essays on global warming, trade relations, Taiwan, democratization, WMDs and bilateral humanitarian intervention, Power and Restraint finds that China and the United States can exist side by side and establish mutual understanding to better cope with the common challenges they face.

"As the American political system hurtles toward its quadrennial encounter with the oracle of democracy, it is worth our while to take stock of the country's place in a world beset by bewilderingly rapid change. (Heaven knows none of the candidates will bother to do this.) I want to suggest that an old yet generally neglected subject remains particularly relevant: the relationship between the size of political units and the effective scale of systems of economic production and exchange. Another way to describe this relationship is by recourse to the hoary scholarly phrase "political economy", a term of art that has unfortunately gone out of style...."