Lecturing others amounts to schadenfreude. Wait. What? An interesting phenomenon seems to be in the air. With the current financial crisis in America and unrest in Britain, it appears that multiple western media outlets cannot resist the temptation to interpret China's and other countries' responses in terms of "schadenfreude". Although not as amusing as … [Read more...] about All your Schadenfreude are belong to us?
the Economist recently interviewed Michael Spence (Professor of Economics, Stern School of Business, New York University, and Senior Fellow, the Hoover Institution, Stanford University), and I thought his comments about China, the U.S., and the growth dynamics between the developing countries and the developed countries were rather interesting. He talks about economics … [Read more...] about Michael Spence on China, U.S., and growth of the developing vs. developed economies in coming decades
Zhang Monan is economics researcher with China's State Information Center and frequently appears on China Daily with her "big picture" takes on the global financial system. She is worthwhile following if you wish to understand how China sees the jostling of control between the now currently dominant developed countries and the emerging developing countries for a fairer share … [Read more...] about Zhang Monan (China Daily): “Towards new financial order”
According to an op-ed by Paul Krugman in the NY Times today, China is not only a currency manipulator, but also a cause of the world financial crisis. I usually have some respect for Mr. Krugman, so I'll try to take his op-ed seriously. … [Read more...] about Psst … is China a currency manipulator and cause of the world financial crisis?
This is the full session between Niall Ferguson and James Fallows at the recently held Aspen Ideas Festival. Allen had posted excepts and we promised you the complete discussion as soon as it became available. Niall Ferguson had coined the term "Chimerica" to describe the symbiotic relationship between the economies of China and the United States. He currently sees this … [Read more...] about Chimerica: James Fallows & Niall Ferguson