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Saving the Dragon

By John Dermody, Travis Hodgkins, and Nema Milaninia

In the process of learning about China?s economic development, I often wonder if it was the right policy for China to cut its domestic spending on public services to suppress its currency while exporting most of its capital surplus to the West. Even in pure economic term, shouldn't economic growth equivalent with improvement of social welfare and income distribution? The answer is obvious- there is no promise of such upgrading even in an economy that has been growing at a rapid rate like China. After the Asian financial crisis in the late 90s, the Chinese government together with the rest...

Full post as published by Transnational Law Blog on March 07, 2009 (boomark / email).