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Tuesday, April 7, 2009

CHINA'S ECONOMY AND THE USA

Today's 2nd Buggy Topic

It deals with China's economic development and its neo-mercantilist orientation of keeping domestic consumption unusually low --- yes, even by East Asian standards --- and relying mainly on export-led growth, plus some shoddy governmental public investment.  No need to say more.  The lengthy buggy analysis is easy to follow.  Click here, then run a search for "the buggy professor".