Template-type: ReDIF-Article 1.0 Author-Name: Zoltán Nagy Author-Email: nagy.zoltan@uni-miskolc.hu Author-Workplace-Name: University of Miskolc Author-Name: Tekla Sebestyén Szép Author-Email: szep.tekla@uni-miskolc.hu Author-Workplace-Name: University of Miskolc Title: United States and China: Changing in World Economic Positions? Abstract: Trends in the last decades, such as the rapid development and rising of China or the convergence of its absolute economic indicators to those of the USA, are significant elements of today's world economy. In this paper we analyze the external trade of these two economic powers: the focus of the research is on the openness of trade, the import and export structure and economic interdependence. The main questions are to what extent the external trade of the two examined countries is interdependent and whether the current Chinese economic growth is sustainable. Classification-JEL: F13, F14 Keywords: external trade openness, world economic positions, position change Pages: 67-75 Number: 01 Volume: 7 Year: 2011 File-URL: http://tmp.gtk.uni-miskolc.hu/volumes/2011/01/TMP_2011_01_08.pdf File-Format: application/pdf Handle: RePEc:mic:tmpjrn:v:7:y:2011:i:01:p:67-75