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Manufacturing is still critical to the economy United States. Clyde Prestowitz, says it's time to start realizing the positive spillovers that manufacturing creates... Read more  

Events & Activities

Stephen Olson at Chinese Development Institute Conference

 

 Clyde Prestowitz giving presentation to CDI...

 

Steve Olson teaching trade negotiations at the Mekong Institute...

 

Stephen Olson to speak at upcoming workshop organized by the International Institute for Trade and Development on 

"Economics of GMS Agricultural trade in goods and services towards the world market"

Chiangmai, Thailand Sep 8-12.

(10/27/10) Prestowitz Cited in the Financial Times

China has every right to cheat, but shouldn?t

By David Pilling

Published: October 27 2010


Everybody from Lou Dobbs to Paul Krugman is beating up on China. China, we are told, is cheating. It is cheating by making it harder for western companies to invest there and for stealing their technology when they do. It is cheating by directing cheap credit to favoured industries. It is cheating by allowing companies that operate in China to pay their workers less and pollute more. Above all, it is cheating by manipulating its currency, suppressing the value of the renminbi to make its exports super-competitive.

One possible response to this line of argument is: why shouldn?t China cheat? After all, everybody else did.


Click Here to read the the entire article at the Financial Times.

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Latest Publications


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The Evolving Role of China in International Institutions.

 

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