
Check out another great comment piece by Martin Wolf (I hope he puts his columns since last fall into a book), which is I think is his most persuasive and forceful explanation of the potentially catastrophic effects of global trade imbalances yet: "Why China's exchange rate concerns us." This article will be of interest for anyone wondering about the big picture of the global economy at present or is curious about why Americans are so often up in arms about China's currency.
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