The ‘Nuclear Option’: Currency Edition

As someone who follows international economics pretty closely, I’m surprised I didn’t find this Dean Baker op-ed until today. I’ve previously asked what the United States could do to convince the Chinese government to let the yuan appreciate. Baker doesn’t so much want to convince China, but rather beat China at its own game. He … Continue reading

Yuan a bubble?

It’s everyone favorite time of the year: the Asia-Pacific Economic Cooperation Economic Leaders’ Meetin!* President Obama heads to the summit and his first official visit to China next week. Obama’s trip will be dominated by economic concerns especially trade, and in the case of China, exchange rates. Simon Johnston thinks Obama can convince the Chinese … Continue reading

The People’s Republic After 60

Dan Drezner links to himself* contemplating the future of China: I belong to the third camp—the one that believes that the Bubblers and the Extrapolators can both be right. My camp looks at China and sees the parallels with America’s rise to global economic greatness during the late 19th and early 20th centuries. From an … Continue reading

Hollywood Wins at the WTO, Chinese Culture Never to be the Same

Today, the WTO released a ruling in favor of the U.S. in its complaint against Chinese restrictions on imports of U.S. entertainment and media products. The ruling addressed a number of contentious trade issues.  For example, are intellectual goods to be treated as manufactured goods under trade law? Also at stake is the use of … Continue reading

Simon Johnson to China: Do it, I dare ya

Hillary Clinton and Tim Geithner continue their high level talks with the Chinese government, the Strategic and Economic Dialogue, today. The meetings are being heralded as a replacement for the G8 summits of the past (some observers have called the US-China relationship the “G-2”). The two countries will be discussing a whole host of issues … Continue reading

The Tragedy of Great Power Politics in Iran

For the past thirty years Friday prayers in Tehran have included chants of “Death to America”.  The past month some of these death wishes have been transferred to other great powers. Reports claim that demonstrators for the Iranian opposition are now replying to the tried and true anti-Yankee slogan with chants of “Death to China” … Continue reading