by Ajay Shah For many decades, India was one of the most protectionist countries in the world. This did great damage to growth and knowledge in India. Tariffs dropped from ridiculous levels to ridiculous levels in the early 1990s and then got stuck there. Yashwant Sinha, as Finance Minister, initiated a remarkable program of cutting …
Econintersect disagrees with the assessment of the US Census / BEA that the trade balance shrunk in November 2011.
Long term (over 20-30 years) demographics will favor the U.S. over Germany and China in international trade.
Currency revaluation is not the primary answer to China’s trade imbalances. Structural factors are more important.