Chinese Currency Not An Issue: IMF
show comments
  • Mrs. Davis

    if we don’t want to compete with China on the basis of low wages and lax regulations, what strategy should we adopt?

    Recognize that admitting China to WTO was an error. Russia is still not in WTO but China is. This makes sense? Absorbing the effects of China’s admission has something to do with the world trading system being on hold. We can either kick China out of WTO or set up an alternative trading mechanism for liberal democracies and let WTO wither away.

  • Brad

    China has huge internal problems in a whole host of areas, if America was sane, we would return to fiscal reality, keep our technological, economic and military powder dry and stand by to pick up the pieces after the global dust settles.

  • “if we don’t want to compete with China on the basis of low wages and lax regulations, what strategy should we adopt?”

    That’s easy. Either tariffs or income re-distribution. Since we don’t know how to do the latter, and it would take years to implement even if we did, that leaves the old tried-and-true. It is called protectionism for a reason.

  • YushHuang

    This is a really short post, and it would be really great if you could elaborate more on the issue!

    • Walter Russell Mead

      Thanks; surprisingly few readers want me to write MORE. You are clearly a person of great discernment and fine character. I’ll return to this subject in other posts.

  • If we were sane we wouldn’t be $14 trillion in debt and discussing how to borrow still more.

© The American Interest LLC 2005-2017 About Us Masthead Submissions Advertise Customer Service
We are a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn fees by linking to Amazon.com and affiliated sites.