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02/21/2010

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In the past big companies created smaller satellites compnies to produce middle class jobs. But now that role is played by imports. Emergin economies are focussed to creating jobs and affressively and we are not. No matter how much we play these stimulus and tax games, I dobut they will create stable long term higher employment level. We need to tax high fianance more and give incentives to manufacturers and exporters, small and large.

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I have argued earlier (see my post on our old website for Nov. 23, 2009) that China has been accumulating more reserves that the optimal amount that would promote its own interests. Since China has far more than enough reserves to manage even large fluctuations in its trade balance, the Chinese people would have greater real wealth if its government allows the Yuan to appreciation. An appreciation of its currency would reduce China’s exports and raise its imports.

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Latin American Trade Grows with Japan | Exito Latino Marketing Blog With recession in Japan and the United States and a sdoolwwn in most developed economies, Japanese companies are eager to do business with Latin America. Last.

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