Greg Mastel
Greg Mastel
becomes both crack currency deficit issue issues property tougher trade
As the U.S. trade deficit becomes more and more of a concern, the currency issue and intellectual property are both tougher issues to crack than textiles,
domain elite few finance general leaders message policy relevant seattle small
For so many years, international finance has been the domain of a very small elite in a few countries. The message the G-8 leaders got from Seattle is that they need to make their policy discussions more relevant to the general public.
basis china law likely offered political
Most legislation is offered just for political effect. But this one is likely to become the basis of law. Something will become law on China this year.
certainly country leading states united
When APEC was created, the United States was certainly the leading country in the mix,
both changed china communist dramatic economic economy elements engineered growing market marxism maybe mixed present rapidly
Deng engineered the most dramatic economic transformation of the 20th century, maybe ever. He changed China from a moribund, communist economy to an expansive, bull, rapidly growing mixed economy, with Marxism and market elements both present there. And it's a dramatic change.
brazil buy country dollars drops factory investment less likely people prone value worth
Say you buy a factory in Brazil. When Brazil devalues its currency, that factory's value in dollars drops dramatically so your investment is worth a lot less. People are less likely to invest in a country that's prone to devaluations,
barriers countries drop likely offer taken time trade
It's an offer that will never be taken up. Other countries are not likely to drop their trade barriers any time soon.
accept control depression dramatic example good lost market mexico mid moderate recession tried
A good example is Mexico in the mid 90's. It tried to do a moderate devaluation, but the market didn't accept it. It lost control of the currency, there was a dramatic devaluation, and a subsequent recession -- even a depression in Mexico.