US Trade Hawks and the China Bogey Jomo Kwame Sundaram

New US President Donald Trump has long insisted that its major trading partners having been taking advantage of it. Changing these trade terms and conditions will thus be top priority for his administration, and central to overall Trump economic strategy to ‘Make America Great Again'. Quit WTO solution Candidate Trump's trade policy paper was written by Peter Navarro and Wilbur Ross. Ross will now be Commerce Secretary while Navarro will head the National Trade Council. They view economic policy as integrated, including tax cuts, reduced regulations as well as policies to lower energy costs and cut the chronic US trade…

Asian Currencies: New global scapegoats C.P. Chandrasekhar and Jayati Ghosh

America’s twin deficits, many economists fear, would lead to a collapse of the dollar and global recession. In their desperation to find a solution, they have turned their attention to Asia, with the demand that governments, especially the Chinese government, should revalue exchange rates, so that adjustment in the US would be smooth and growth would be triggered in Europe and Japan. This article assesses this effort to find new whipping boys to conceal American sins. Asian_Currencies (Download the full text in PDF format)