Bilateral trade and capital flows have increased substantially between the United States and China yielding economic … (United States) and the South (China) in the presence of a global pollution externality. Each country's share of global … high, there will be pressure on the US to raise environmental regulations on industry. Capital will move to China. Because …

Bilateral trade and capital flows have increased substantially between the United States and China yielding economic …) and the South (China) in the presence of a global pollution externality. Each country's share of global pollution depends … pressure on the US to raise environmental regulations on industry. Capital will move to China. Because the increased pollution …