Fred Bergsten
Fred Bergsten
C. Fred Bergstenis an American economist, author, and political adviser. He has previously served as assistant for international economic affairs to Henry Kissinger within the National Security Council and as assistant secretary for international affairs at the U.S. Department of the Treasury. He was director of the Peterson Institute for International Economics, formerly the Institute for International Economics, from its founding in 1981 through 2012 and is now senior fellow and director emeritus. In addition to his academic work, he...
china cooperation crucial economic failure harder issues playing progress relationship security undermine
In this crucial area, China is not playing by the rules. Failure to get progress on the economic issues will undermine the whole relationship and make it harder to get cooperation on security issues.
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The failure to get progress on the economic issues may undermine the overall relationship and then make it harder to work together on the security concerns.
china deficit numbers problem showing singled
So what we're showing in our numbers (is that the) bilateral deficit with China should really be interpreted as a U.S. deficit with all of Asia, not as a bilateral problem with China to be singled out.
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The failure of China to permit its currency to move, as most other countries in the world are doing, leads to a major protectionist trade reaction here in the United States.
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The history of U.S. trade policy amply demonstrates that dollar overvaluation and the huge and growing trade deficits that it spawns are by far the most accurate predictors of U.S. protectionism.
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The main problems that undermine the prospects for a successful Doha round lie outside the negotiations themselves.
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It is ridiculous not to have China and India ... on our side of the table in the energy policy debate internationally.
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The point is -- ad we know this from history -- that if currencies remain way out of line, trade protectionism follows.