US Exports: A Prescription for Economic Growth?

In an increasingly complex global economic landscape, there are no easy prescriptions for economic growth.  The debate over China’s currency devaluation and the decline of the U.S. manufacturing sector has prompted many economists and policy makers to champion U.S. exports as a key to economic growth.  Yet it seems that the U.S. manufacturing sector remains bound by both intractable economic realities in the developing world and a domestic monetary policy (undermined by instability in the Euro-zone) that has unwittingly led to a stronger dollar.  In his 2010 State of the…

China’s Devaluation of the Yuan: A Global Economic Imbalance

Unless you have been living under a rock for the past few years, you probably already know that The People’s Republic of China is growing in both power and influence. In the second quarter, China overtook Japan as the second largest economy. This lead is likely permanent as China is growing at a much faster rate than Japan, about 10% annually. The importance of the U.S.-China economic relationship has never been so clear. With a population of over 1.3 billion, China is the fastest-growing major overseas market for the United…