China’s economy and the US?

The spectacular rise of the Chinese economy is one of the overriding features of 21st century international politics. China has become the second largest economy in the world and one of the world’s leading exporters. China runs an over $200 billion a year trade surplus with the United States. Should US policymakers be concerned about China’s economic growth, particularly given its authoritarian government? Is China likely to overtake the US as the dominant world economy by, say, 2005? Even if so, is an economically stronger China detrimental to US interests? Should the Us change its policies toward China, limiting trade and investment or just continue to purse a policy of engagement with the hope of incremental change?

We need to rewrite our trade laws. Low pay countries that have next to zero pollution laws should pay an entry tax on good coming into the US to even out the differences. If we did that we’d all be able to compete on the basis of quality. Besides, WalMart charges about the same for shoddy Chinese goods as they would charge for Made in America good made by union workers…the difference being that WalMart, K-Mart, Target, Sears and the rest of the reatail giants make more profit selling shoddy Chinese goods. Good for the retail giants, but bad for the American wage-earner. Believe me, in a couple more years Chinese goods will be so bad even the most rabid ‘free traders’ are going to be bitchin’ ‘an moanin’ about how they fall apart in the box they’re sold in. The Chinese don’t even call us Americans anymore….they call us ‘suckers’. fools and idiots. We sold out for 30 pieces of silver, that wasn’t even real silver. They have our money, we have their crap…what a revolting development this is! No kiddin’!

5 Most Common Myths About International Trade Pt 1

The Domestic Politics of International Trade $145.95 Today, many international free trade agreements (FTAs) are broader than they have ever been before and often affect numerous public policy sectors, such as education, the environment …