Whether China's Growth is America's Loss
Official White House photo by Samantha Appleton via Flickr
Last week Federal Reserve Chairman Ben Bernanke dismissed complaints by China and others that U.S. policies were driving up the global prices of goods and energy. Instead he blamed these increases largely on “ the very strong demand from fast-growing emerging market economies….” One of these markets is China, which is now the world’s second largest economy and the main driver of global growth. Some worry China’s gain is America’s loss. A look at global economics and world politics in the aftermath of the great recession. Why a group of emerging markets weathered the crisis better than advanced economies.
chief foreign affairs columnist for the Financial Times and author of "Zero-Sum Future: American Power in an Age of Anxiety."
Senior Fellow, Brookings Institution; Tolani Senior Professor of Trade Policy, Cornell University; author of "Emerging Markets: Resilience and Growth Amid Global Turmoil."