Washington Post, Sept.17, 2008 on page A19 published the above title by Bergsten, director of Peterson Institute for International Economics. He was assistant Treasury Secretary from 1977 to 1981 and assistant for International economic affairs to the National Security Concil from 1969 to 1971. He wrote: - "Two major factors are driving this stellar performance. One is continued growth in the rest of thw rorld, driven largely by emerging markets. Those countries, led by China and India, make up half the global economy." Here we can detect the economic clout of China in terms of globalization and the title indicates the effective operating of the Law of Comparative Advantage as I sent my blogs in the past for your reference.
Francis Shieh a.k.a. Xie Shihao on Wednesday,Sept. 17, 2008 at 9.30 a.m. at Andrews AF Base Library.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment