Tag Archives: undervalued Asian currencies

It’s Time to Force China to Play By Our Rules

By Martin Fluck | Published: September 14, 2010
You’d think, given the critical role global imbalances played in building up the systemic risk that caused the Great Recession that addressing them would be an urgent issue. China’s everyday flouting of World Trade Organisation trade rules would be bad enough in normal circumstances. But now when Beijing clearly stands in the way of economic recovery, Paul Krugman is right to be exasperated that the Chinese have been allowed to keep taxing imports while subsidizing exports.
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The First Green Energy Trade War?

By Martin Fluck | Published: September 11, 2010
If Congress votes to penalize Chinese imports and start a trade war it may have a lot to do with the Democrats’ frustration at their inability to build a homegrown clean energy sector. After all, it would be particularly embarrassing if the companies President Obama has boasted about being “the future” were to go bankrupt. So, because the green stimulus has failed to live up to the hype, and mostly created new jobs abroad, leading Democrats may now think the answer is to restrict imports.
Posted in Currency Markets, Economy, Global Warming Scare | Also tagged , , , , , , | Leave a comment