TITLE

Reconsidering Revaluation

AUTHOR(S)
Hale, David D.; Hale, Lyric Hughes
PUB. DATE
January 2008
SOURCE
Foreign Affairs;Jan/Feb2008, Vol. 87 Issue 1, p57
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article analyzes the U.S. government's policy regarding trade with China in 2008. China's economy has more than doubled in the past decade, leaving the U.S. with a current trade deficit of roughly $250 billion. U.S. Congress has proposed protectionist legislation asking for a revaluation of the Chinese yuan upwards of 20 percent. The author feels such a move would actually damage the U.S. and proposes such reforms as the restructuring of U.S. corporate and banking interests, tax reform, and large-scale plans to encourage U.S. domestic spending. The cooperation of American and Chinese corporations is discussed.
ACCESSION #
28018923

 

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