This .pdf (accessible to laypersons) from the labor-backed Economic Policy Institute suggests that a falling dollar is probably very bad news for Europe.
The euro area is one of the slowest growing economic areas in the world, yet it will bear much of the burden of relieving the pressure of the U.S. trade deficits. This will deprive the euro area of demand for domestic products at a time when such demand is necessary to forestall a full-blown recession.Via Marginal Revolution.
posted by trharlan
on Nov 28, 2004 -
38 comments
The Industrial Revolution, past and future:
The entire human race is getting rich, at historically unprecedented rates. The economic miracles of East Asia are, of course, atypical in their magnitudes, but economic growth is not the exception in the world today: It is the rule.
Nobel Prize winner
Robert Lucas discusses wealth redistribution and the world economy.
posted by trharlan
on Jun 13, 2004 -
9 comments
