tag:blogger.com,1999:blog-4409551172339639840.post4443279103656018961..comments2023-10-11T09:06:30.060-07:00Comments on Douglas L. Campbell: Did the Rise of China Help or Harm the US? Let's not forget Basic Macro Doug Campbell http://www.blogger.com/profile/11028049845008665877noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-4409551172339639840.post-88623536309699004442018-04-02T05:16:38.356-07:002018-04-02T05:16:38.356-07:00Vona Consulting was established in New York, inter...Vona Consulting was established in New York, internationally operated with three offices in China. <b><a href="https://www.vonaconsulting.com/" rel="nofollow">china manufacturing</a></b>nickmiddleton010https://www.blogger.com/profile/16701534760902792410noreply@blogger.comtag:blogger.com,1999:blog-4409551172339639840.post-81004771292597255282017-11-16T11:25:37.942-08:002017-11-16T11:25:37.942-08:00First, it's an honor to have both Owen Paine a...First, it's an honor to have both Owen Paine and Brad Setser post here... <br /><br />Good point Brad. I was once going to write about the political economy differences of the 1980s vs. early 2000s shocks. In the mid 1980s, corporate America was going crazy over the dollar. In 2000-2001, not so much. Easy to see why. 1980s was head-to-head competition in final sales of things like Japanese vs. US automobiles. 2000s was more stuff like Apple outsourcing production to China. Of course, not completely. There are plenty of sectors that do complain about exchange rates, and there were probably plenty of industries that benefited from the strong dollar in the 1980s, but it does seem like the landscape had shifted... And thus, in the early 2000s, nothing was done, whereas Reagan even raised taxes to get the dollar under control. Doug Campbell https://www.blogger.com/profile/11028049845008665877noreply@blogger.comtag:blogger.com,1999:blog-4409551172339639840.post-59225968033433435682017-11-16T10:05:38.598-08:002017-11-16T10:05:38.598-08:00nice piece.
one point though. the corporate inte...nice piece.<br /><br />one point though. the corporate interests on the exchange rate tend to be mixed -- steel guys care, as do some others. but many more sort of like a weak CNY as it lowers the cost of their Asian supply chains. the standard corporate position has long been the US should focus on the issues that really matter (usually limits on the ability of US firms to invest in China, and the policies that put their IP at risk or limit the ability of their offshore tax subs to profit from it in china). never found that corporate America was big on the XR issue. was more a "labor" thing alas<br /><br />Brad SetserAnonymoushttps://www.blogger.com/profile/08823436630637032490noreply@blogger.comtag:blogger.com,1999:blog-4409551172339639840.post-34092678916439242042017-11-15T08:24:41.533-08:002017-11-15T08:24:41.533-08:00Beautiful poetry!Beautiful poetry!Doug Campbell https://www.blogger.com/profile/11028049845008665877noreply@blogger.comtag:blogger.com,1999:blog-4409551172339639840.post-15330139663432044632017-11-15T08:23:04.931-08:002017-11-15T08:23:04.931-08:00OK, I agree that the "probably" in the &...OK, I agree that the "probably" in the "probably... hurt...pretty badly" was being overly cautious. I believe some local labor markets were hurt very badly. Doug Campbell https://www.blogger.com/profile/11028049845008665877noreply@blogger.comtag:blogger.com,1999:blog-4409551172339639840.post-45908255088690385382017-11-13T14:01:45.313-08:002017-11-13T14:01:45.313-08:00Forex policy can be lethal to domestic production ...Forex policy can be lethal to domestic production of tradeables products<br />If forex policy is guided by Corporate trans border global players <br />With the intention to buy or build relatively cheap foreign tradeables<br />To shoot back into the domestic market <br />The dismal dynamics of this escape a comparative static analysis<br />That simply takes before and after <br />" long run "to "long run" snap shots <br /><br /><br />Protracted cycles of De industrialization re industrialization<br />Are both avoidable and wildly sub optimal Owen Painehttps://www.blogger.com/profile/10253555559820301970noreply@blogger.comtag:blogger.com,1999:blog-4409551172339639840.post-56718401801009338922017-11-13T13:05:26.766-08:002017-11-13T13:05:26.766-08:00Probably?
Wow.
Cheap Chinese goods do not make u...Probably?<br /><br />Wow.<br /><br />Cheap Chinese goods do not make up for having an income cut in half.<br /><br />No elites were injured in the making of this horror movie.save_the_rustbelthttps://www.blogger.com/profile/15292805042626368911noreply@blogger.com