Correction: Two days after I posted the entry below I received a rather testy email from John Frisbie. In the USCBC statement to which I was referring he claimed that the EPI report was “built on the faulty assumption that every product imported from China would have been made in the US otherwise.” I foolishly [...]
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Posted in Consumption and production, Trade protection • 38 Comments »
The Chinese new year has only just started, and already trade tensions are ratcheting up. This is perhaps appropriate — astrologers tell us that the year of the Tiger is often a year of instability and conflict — and I suspect things will almost certainly get worse. The timing of various domestic political events in [...]
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Tags: Balance sheets, Krugman, NPC
Posted in Balance sheets, Consumption and production, Exports and imports, Trade protection • 139 Comments »
After such a long entry last week I thought I would spare my readers and do something much briefer. A few days ago I read a good article (“Stuck on Neutral”) about Japan in the August 18 issue of the Economist. You can find the article on the Economist website if you are a premium [...]
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Posted in Asian development model, History • 70 Comments »