Protests and Reason

by Chidem Kurdas In the past week mass protests erupted in different parts of the world. The reasons were diverse. In the Middle East, demonstrations spread across the region following the killing of American diplomats in Libya over an anti-Muslim film. In China, crowds attacked Japanese shops and offices, over the two countries’ competing claims on … Continue reading Protests and Reason

China Catch-Up and Two Freedoms

by Chidem Kurdas China is expected to produce more than Japan this year, thereby becoming the world’s second largest economy after the US.   Chinese annual output is only $5 trillion compared to American $15 trillion and per person income is only a fraction of the US, but it is clear that China is catching up. … Continue reading China Catch-Up and Two Freedoms

The US is “Taking on China”

by Andreas Hoffmann and Gunther Schnabl* In a recent New York Times column Paul Krugman is “Taking on China” again. He argues that the Chinese dollar peg contributes to global imbalances, depressing US and world growth perspectives. Bashing China’s fixed exchange rate is also fashionable in academics. Bernanke blames China’s dollar peg for contributing to a … Continue reading The US is “Taking on China”

Thomas Friedman Is Wrong

by Roger Koppl Thomas Friedman defends “one-party autocracy” as represented by China. Presumably, his defense is a sardonic. He is trying to smack down the Republican Party in the US for “standing, arms folded and saying 'no.'” Sardonic tone notwithstanding, he says something revealing. “It is not an accident that China is committed to overtaking … Continue reading Thomas Friedman Is Wrong