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Hither And Yuan — China Growth Is Good For Us All

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Though we often discuss business issues, we try to stay on topics where we can add value for our readers.  We usually leave “big issue” posts like the proper valuation of the Yuan to others.  But we know that issue is important to business so we wanted to make you aware of a new article with the contrarian view that China is good for the United States’ balance of trade.

Economics professor Tyler Cowen wrote a New York Times piece, contending that China is good for the U.S. balance of trade and that revaluing the Chinese currency against the dollar would have little impact.  Mr. Cowen writes an excellent blog called Marginal Revolution and he also posted his article there, which has generated some excellent discussion in the economics blogosphere.  Dan Drezner does a good job bringing together and linking to much of the discussion on his post here.  Drezner posts his thoughts as well so it is well worth stopping by, but if you prefer to go directly to the posts to which he refers, you can read Greg Mankiw (agree), William Polley (agree) (not cited by Drezner, but well worth a read), Brad Delong (disagree), and Brad Sester (really disagree).  Quite a high level discussion.

The great thing about blogs is that it really can be a two (or more) way conversation.  Mr. Cowen has already posted a response to Mr. Sester and I expect some of the others will reply as well.

What do you think?

The post Hither And Yuan — China Growth Is Good For Us All appeared first on China Law Blog.


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