25 October 2011

Paul Krugman: China's Policies Do Matter



I thought I should offer a brief note about one of the arguments people make against the government’s focusing on Chinese currency manipulation — namely, the claim that China doesn’t really compete head to head with American manufacturing, so that a rise in the renminbi wouldn’t help.

I’d argue that this is wrong on three levels.

0 Comments:

Post a Comment

<< Home