Monday, October 10, 2011
[IWS] Heritage: FACTS ABOUT CHINA'S CURRENCY, CHINESSE SUBSIDIES, AND AMERICAN JOBS [4 October 2011]
IWS Documented News Service
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Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
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The Heritage Foundation
Backgrounder
No. 2612
The Facts About China’s Currency, Chinese Subsidies, and American Jobs
By Derek Scissors, Ph.D.
October 4, 2011
or
http://thf_media.s3.amazonaws.com/2011/pdf/bg2612.pdf
[full-text, 7 pages]
Abstract:
There is great concern in the U.S. about Chinese currency policy costing American jobs. But over two decades, there has been no evidence that a weak yuan causes high American unemployment. What American policymakers should focus on is other Chinese actions that do harm the U.S. and the entire global economy, particularly China’s market-distorting and anti-competitive subsidies. Heritage Foundation Asia economic policy expert Derek Scissors explains why the U.S. must identify and measure Chinese subsidies as the necessary first step in reducing the damage they cause.
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Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 262-6041
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
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