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Beijing's attempts to manage rising inflation may depress domestic and global growth and will likely be insufficient to address the deeper structural imbalances in China’s economy.
Despite headlines proclaiming otherwise, the G20 summit made substantial progress on several issues, including financial and IMF governance reforms and the rejection of current account and currency targets.
The enormous expansion of credit in Ireland and the sheer size of its building boom, which was accompanied by a very large loss of competitiveness, are at the center of the country's crisis today.
Given the real danger of a currency war, countries should refocus on the impediments to sustainably increasing their domestic demand and give the recovery more time to take hold.
Achieving sustainable fiscal policies in the United States is likely to prove more important for the promotion of sustained growth, both domestically and globally, than anything that could be done by China or Germany.
China has capitalized on its huge population and geographic size to become the world’s most efficient assembler and exporter of manufactured goods, but China’s transformation is now reaching a critical turning point.
Although the U.S. Federal Reserve's recent quantitative easing is a necessary step, it makes China even less likely to embrace Secretary Geithner's proposal to limit current account surpluses.
Despite growing Chinese nationalism, several areas of disagreement with Beijing, and misinterpretation of regional and bilateral issues by the media, the Obama administration has not substantially shifted its stance on China.
President Obama's trip to Asia will be an opportunity to strengthen bilateral relationships, address challenging global issues, and demonstrate U.S. commitment to the region.
President Obama’s trip to Asia is intended to deepen U.S. engagement in the region and open up Asian markets to U.S. businesses.
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