On 2/6/07, Julio Huato <[EMAIL PROTECTED]> wrote:
I wrote:
> Yes, things are changing here, but I can envision the
> political energy to put in place a Keynesian-inspired Bretton Woods
> global agreement in the short- or medium run.
I meant the opposite: I ***cannot*** envision that in the short or medium run.
There is no obvious course of action for us, in the USA, to take, for
sure (though it would help if we could stop politicians from accusing
China of unfair trade practice, exchange rate manipulation, etc. --
accusations that prevent Americans from taking a more sensible view of
economy).
Barry Eichengreen and Yung Chul Park suggested what governments of
"emerging markets" could do: "Global Imbalances: Implications for
Emerging Asia and Latin America," March 2006,
<http://www.econ.berkeley.edu/~eichengr/policy/global_imbalances.pdf>.
What do you think of this?
--
Yoshie
<http://montages.blogspot.com/>
<http://mrzine.org>
<http://monthlyreview.org/>
