Georgetown University Professor Michael Czinkota

"Shanghai Daily", February 5, 2009 on page A6 published Professor Czinkota's article: Trade,not barriers,keeps economies primed for stimulus recovery. Such rationale is the same as my past blogs especially the one dated January 23, 2009. www.Google.com to click on Sino-American economics.


"President Obama is defining his economic stimulus plan. In the US, trade related activities comprise more than 25% of its economic activities - which is more than the housing and banking sectors combined. Trade also accounted for the entire US economic growth in the past year. Trade issues definitely qualify for top priority, but seem to be neglected so far.

The world depends on continuity in trade. The global economic outlook,competition and consumer choice are shaped by trade flows and currency values. For many nations,the promotion of exports must have a central place in their economic recovery package. In the US,the national debate about economic recovery includes many lessons from the Great Depression.

There is growing concern among US trading partners that the new Congress and administration might introduce a new era of US protectionism. The world economies are intertwined. Any stimulus measure of one nation is likely to rapidly affect others and trigger responses. Discussions of US economic improvements must include a focus on global recovery. Countries must be able and willing to buy each other's goods - in an increasing quantity - if world economies are to blossom." I should add that the "LAW OF COMPARATIVE ADVANTAGE" must be understood by all concerned.

Francis Shieh a.k.a. Xie Shihao,a native of Shanghai since 1926 and an alumnus of Georgetown University Graduate School,Class of 1950. My concentration is related to international studies with particular focus on Sino-American economics as included in my doctoral dissertation entitled "Work and Study Cycle Theory" listed at Georgetown University Library online catalog and the Library of Congress online catalog.www.loc.gov. I am now visiting Shanghai from January 25, 2009 through February 24, 2009. E-mail:fs33@georgetown.edu February 6, 2009 at 8.22 a.m.