Understanding the Sources of Friction in U.S.-China Trade Relations: The Exchange Rate Debate Diverts Attention from Optimum Adjustment
AbstractChina has been accused of exchange rate manipulation that has caused large U.S. trade deficits, which have reduced U.S. welfare by increasing unemployment and reducing wages. In fact, the strong claims by some observers that the trade imbalances are deeply deleterious to China's welfare almost make it a moral imperative for the United States to use tariffs to force an renminbi (RMB) appreciation for China's own good. (c) 2008 The Earth Institute at Columbia University and the Massachusetts Institute of Technology.
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Bibliographic InfoArticle provided by MIT Press in its journal Asian Economic Papers.
Volume (Year): 7 (2008)
Issue (Month): 3 (October)
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- Woo, Wing Thye, 2011. "China's economic growth engine: The likely types of hardware failure, software failure and power supply failure," BOFIT Discussion Papers 8/2011, Bank of Finland, Institute for Economies in Transition.
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