Peterson Institute for International Economics
Nick Lardy, China specialist at Washington's Peterson Institute for International Economics, says the rebalancing underway in the world's second largest economy is a good thing.
Mr. Modi's reform agenda has not yet extended to India's historically protectionist trade policies. Unlike many other developing countries, particularly in Asia, India remains largely outside the web of global and regional trade compacts.
Austerity is the leading cause of the election of national leaders who promise that if elected they will stop "submitting" to creditors' demands that they inflict austerity on their people.
We could learn a lot from the election of 1912 where a third and fourth party shook up the foundations of corporate control. It's a disgrace that 100 years ago the United States could run an election with far greater choices than it is capable of running today.
For years, China deliberately diminished the value its currency. This artificially reduces the price of Chinese exports. Simultaneously, it artificially raises the price of U.S. exports to China. Dithering by the U.S. House of Representatives on this issue has reduced America to victim status.