Trading Up to Global Recovery by Charlene Barshefsky

Washington Post,March 10, 2009 on page A13:

"President Obama faces two immediate challenges:restoring economic growth and renewing global faith in America's judgment. A robust trade policy is essential to both." I support such statement with my endorsement.

"Trade spurs development, building alliance and security as economic integration creates shared interests. That is correct reasoning.

The insightful article entitled "Recovery Rides on the G-2" by Zoellick and Lin of World Bank Group has the same rationale about Sino-American Economics,published by the Washington Post,March6,2009 on page A15.

"We should focus on Asia,which remains the world's most dynamic region, starting with US-South Korea free-trade agreement i.e. commitments to liberalize the auto market. Robust engagement with China is also vital, with a sharpened emphasis on macroeconomic policy(including exchange rates), energy,climate change,nonproliferation and rogue states. Political economy should be noted. Cf. "Macroeconomics of Stabilization,"published by the White House Conference in August 1978 for reference. Moreover, Bi-lateral division of labor apropos of apprenticeship would also be desirable for economic growth of Sino-American economics as elaborated in "Keys for Economic Understanding" www.Amazon.com online book catalog.

"Foster common action: The global system serves America's interests and aspirations. The more we adjust to new economic realities and demand constructive engagement from the developing world such as China in particular on international economic governance, the more stable that system will become. These nations should have enhanced voting rights in the IMF,the World Bank and other organizations,as China is willing to accept responsibility for global order for humanity. In combating economic crisis, that includes providing additional liquidity,coordinated stimulus and assistance to the poorest nations as well as cooperation toward a global system of regulations."

I trust that the above sound thoughts will be understood on April 2nd for the Conference in London re G-20 when there is such positive vision in the 21st century.

Francis Shieh a.k.a.Xie Shihao is watching the outcome for the global peace and security for economic recovery during the course of time. March 10, 2009 at 11 a.m.