Council of Councils
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Introduction
Over the last several decades, governments have collectively pledged to slow global warming. But despite intensified diplomacy, the world is already facing the consequences of climate…
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July 27, 2005
China
Forget Unocal. China really wants Intel
At least that is what "John Rutledge, a former economic adviser to President Bush" thinks. To maintain its competitive advantage, Chinese companies must acquire technology that will make the country…
August 1, 2005
China
Summarizing China in one paragraph …
is hard, but James McGregor gave it a go in the Sunday Washington Post: It is difficult to overstate the transformation that has swept China in the past 15 years. To frame it in terms of comparable h…
August 12, 2005
United States
The June trade data. Changes in relative prices do matter
The June trade deficit -- $58.8 billion -- was a bit bigger than the market expected, and quite a bit bigger than the May deficit ($55.4 b). Annualized, it works out to a $706 billion trade deficit…
August 19, 2005
China
Comments on Dooley, Garber and Folkerts-Landau: part 1, China
As usual, Michael Dooley, Peter Garber and David Folkerts-Landau are provocative. And in a lot areas, the arguments made by those - like Dooley, Garber and Folkerts-Landau -- who argue that the Brett…
September 12, 2005
China
Show me the money (really, show me China’s reserves)
China's Alan Greenspan (Zhou Xiaochuan) has indicated China won't roil financial markets with "active composition adjustments of the foreign reserves." fine. But any central bank adding about $20 …