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Chinese production continues to rise faster than domestic consumption, and even if China allows the renminbi to appreciate against the dollar, a rising trade surplus could lead to another increase in tensions.
The financial crisis, climate change, political and social instability, and persistent inequality have worsened the odds that Africa—and others in the developing world—will meet the Millennium Development Goals.
The debate over China's currency propagates dangerous myths about both the Chinese economy and the potential benefits of a more expensive renminbi for the United States.
The risk of economic overheating in China now outweighs that of an economic downturn, and government leaders should be able to withdraw stimulus while maintaining strong growth for the several few years.
The dispute between the United States and China over the value of China's renminbi distracts both countries from more important reforms. Policy makers should prioritize maintaining a collaborative relationship over staging another fruitless debate.
The proposed U.S.-Colombia Free Trade Agreement could potentially have adverse effects on Colombia’s economy and stability, and particularly on small farmers, who have already been disproportionately affected by Colombia’s internal conflict.
Over the next half century, the economies of developing countries are predicted to surge ahead of their advanced counterparts. Washington’s senior G20 diplomats gathered to discuss whether the world’s leaders are prepared.
If China allows its yuan to appreciate, it will reduce pressure on the Obama administration to officially label China a currency manipulator and would establish a more constructive atmosphere for future cooperation between the two nations.
In a shift that will affect all major dimensions of the global economy, including trade flows, capital flows, the size of the middle class, and carbon emissions, today’s developing countries are likely to become the world’s dominant economies by 2050.
Since China’s domestic consumption is unlikely to grow fast enough to adequately balance the rising savings rate in the United States, global trade tensions are going to continue to escalate until a long-term solution is reached.
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