The trade interval 2001 to 2007 China’s golden interval Shows what a modern global trading system can do To rapidly reconfigure The global distribution of trade goods production
The ability to run those huge imbalances will be admired for decades And to think we complain about the globes financial institutions !
Those devils made this possible M
I look forward to India’s golden interval
Posted by Paine
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By implication Brad has China’s development strategy in his cross hairs
At some point The politburo must allow imports to equal exports
A faster growing composite trading partner That can absorb more imports from china will allow Chinese industry to grow more rapidly
Thesis Import substitution growth Is slower and more difficult then export extension growth If global markets are adequately open —- as they are now for china —
The home market should be a hatchery for global competitors only Not perpetual hot house operations sustained by state barriers of one variety or other
China’s golden interval
Shows what a modern global trading system can do
To rapidly reconfigure
The global distribution of trade goods production
And to think we complain about the globes financial institutions !
Brad has China’s development strategy in his cross hairs
The politburo must allow imports to equal exports
That can absorb more imports from china will allow
Chinese industry to grow more rapidly
Import substitution growth
Is slower and more difficult
then export extension growth
If global markets are adequately open
—- as they are now for china —
Not perpetual hot house operations sustained by state barriers of one variety or other