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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.

(10/23/12) Better Ways to Deal With China

By EDUARDO PORTER The New York Times October 23, 2012 Less than a year into a new administration, the nation?s trade deficit is soaring. Manufacturers are complaining bitterly that an overvalued dollar is destroying the economy, driving businesses abroad. Congress is bubbling with proposals to punish countries that are flooding the United States with cheaper exports. The gimlet-eyed realists in the new administration decide it is time to get tough, and it works. Within four years, the currencies of our main trading partners have risen sharply against the dollar; the exchange rate of our main Asian rival has jumped by a third. The trade deficit starts to recede. America ? undisputed leader of the free world ? gets to carve one more notch in its belt. This is the type of success Mitt Romney hoped to conjure up during the foreign policy debate on Monday night when he promised to get tough on China from ?Day 1,? designating China a currency manipulator and opening the door for trade sanctions. It is also the image President Obama wanted to convey when he countered that he has been twice as tough on China as his predecessor, George W. Bush. The vignette, however, is old. Click here to read the entire article at the New York Times

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Latest Publications


The Betrayal of American Prosperity.


The Trans-Paific Partnership and Japan.


Making the Mexian Miracle.


Industrial Policy and Rebalancing in the US and China.


The Evolving Role of China in International Institutions.

 

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