"Through the quarter-century in which China has been opening to world trade, Chinese leaders have deliberately held down living standards for their own people and propped them up in the United States. This is the real meaning of the vast trade surplus—$1.4 trillion and counting, going up by about $1 billion per day—that the Chinese government has mostly parked in U.S. Treasury notes. In effect, every person in the (rich) United States has over the past 10 years or so borrowed about $4,000 from someone in the (poor) People’s Republic of China." James Fallows on how the trade deficit between China and America works and what it means for the future.
posted by afu
on Sep 30, 2008 -
Give us your secrets. The Chinese government plans order foreign manufacturers to reveal information about their digital products, a Japanese newspaper reported on Friday. It will introduce rules requiring foreign firms to disclose secret information about digital household appliances and other products from May next year, the Yomiuri Shimbun said, citing unnamed sources. If a company refuses to disclose information, China would ban it from exporting the product to the Chinese market or producing or selling it in China, the paper said. [more inside]
posted by caddis
on Sep 22, 2008 -
Where no economist had gone before
. Paul Krugman posts a type-written paper on interstellar trade which he wrote as "an oppressed assistant professor" in the '70s. I do not propose to develop a theory which is universally valid, but it may at least have some galactic relevance.
posted by grobstein
on Mar 11, 2008 -
Made in China. A look inside the world’s manufacturing center.
Flash video slideshow of the port of Shenzhen (7:00 minutes with sound)
posted by srboisvert
on Jul 23, 2007 -
The Trade Surplus and the Olive Tree
The International Monetary Fund (IMF) has seen its loan portfolio drop 73 per cent since 2003. Nobody seems to be defaulting on their loans lately, and there hasn't been a big bailout
The IMF's summit this week in Singapore will look at this issue and how to better the world balance of trade
betweed the developing world and the industrial economies of the west. But is there really a place
(warning: PDF) for the IMF in the trade agreements between China
and the US
posted by parmanparman
on Sep 15, 2006 -
: the Science Museum asks us the question "should we upgrade our mobile phone?" "No
" and "no
" say the Times and the Observer, but we still do: on average every 18 months. What's the problem? Well it isn't just the lead, arsenic, beryllium and brominated fire-retardant
cases (pollutants all) disappearing into our land fills (which are not covered by the Waste Electrical and Electronic Equipment Directive [WEEE
] in Europe). Coltan also goes into our phones. It occurs mainly in the Democratic Republic of Congo, and as such our demand for upgrades has been contributing to a war
(despite mobile phone companies' claims to the contrary, coltan is not regulated like timber). If we must upgrade, we can at least recycle or
hack our old phones
posted by nthdegx
on Aug 7, 2006 -
lets you give away your old books to a loving, caring home. Oh, and you can get used books for free too. Everyone wins! via
posted by ferociouskitty
on Aug 7, 2006 -
regularly ranks as one of the top destination web sites
in the world, currently higher than Wikipedia or CNN, it is a mind boggling Bazaar of bulk items available for import and export, mainly from China. A popular site rarely heard about, it is for those who buy by the shipping container or become lost in the bewildering variety and possibilities of generic bulk commodities.
posted by stbalbach
on Jan 13, 2006 -
A game of double bluff
The UK and EU are keeping the poorer nations exactly where they want them: beholden to their patrons. (George Monbiot in the Guardian.) See also Oxfam's
critique of the Doha round of WTO
posted by adamvasco
on May 31, 2005 -
allows third party voters in swing states to trade their vote with Kerry supporters in uncontested states. The result is that Kerry is more likely to win the swing states and third party candidates still get the same number of votes when tallied nationwide.
posted by freshgroundpepper
on Oct 17, 2004 -
Tricks of the Trade
. In an article in The Morning News
, Defective Yeti
asked readers to reveal the secrets of their profession:
: Do whatever it takes to fit your contracts onto a single page. Even sophisticated negotiators can be charmed by the lack of a staple.
: Always put copper grease on the battery terminals after servicing a car. The performance benefit is negligible, but when customers look under the hood they will immediately see that something’s changed and thus feel happy to pay you.
: If you have to change a light bulb where the glass is broken, you can press a potato into the metal base to unscrew the remains of the bulb from the fixture.
Got any secrets to success or even just survival in your racket?
posted by planetkyoto
on Aug 24, 2004 -
Choose your own adventure!
"The following imaginary scenario attempts to picture what would happen if the IMF
did not exist. It tells the story of a businessperson in a fictional developing country that is suffering from a shortage of foreign exchange. In the scenario, there is no IMF
to turn to in order to resolve the currency crisis. You will soon come to realize the difficulties of carrying on international trade in that imaginary world without the IMF
posted by livii
on Jul 15, 2004 -
Is Fast Track Back?
The House of Representatives voted 215-212 to give "Fast Track" trade agreement authority to W in the "early morning hours." Is this the return to all that 'globalism' stuff that was newsworthy before 9-11?
And, most of all, what is the Senate going to do about it?
Tell him to take a flying leap, or jump on the corporate bandwagon?
posted by kablam
on Jul 27, 2002 -
Canadian faces jail in U.S. for trade with Cuba.
James Sabzali faces trial on 77 accounts of of conspiracy and of trading with the enemy, nearly half of which relate to buisness conducted when Sabzali was working in Canada. Assistant U.S. Attorney Joseph Poluka concedes that while living in Hamilton the defendant was "technically not subject to jurisdiction.", but maintains that "foreign nationals cannot aid and abet violations of U.S. law." Does this mean the United States has an open licence to prosecute foreigners for acts committed against American laws on foriegn soil?
posted by astirling
on Apr 2, 2002 -
Last week, the WTO ruled
against a corporate welfare program for US exporters (again
). This week, a Canadian hemp company claims
the US owes them US$20m under NAFTA for harrassment and impinging on future returns.
posted by raaka
on Jan 23, 2002 -
The New WTC?
The Max Protech Gallery in Manhattan has an exhibit
of sketches and designs from artists, architects, and others with their ideas on how the World Trade Center could be rebuilt
posted by owillis
on Jan 20, 2002 -
: Possibly a repeat - sorry if it is. This is a cool site for record nerds like me to get rid of some old stuff and search out some new stuff at the same time.
posted by paulrockNJ
on Oct 16, 2001 -
A four part tale(1993) of deception, covert operations and secret revelations, which covers :
How The Blind Sheikh Came To USA
CIA's Friends Against Soviet Union
Was Mossad Behind WTC 1993
How The CIA Won It's Jehad
Search These Terms
"Mossad World Trade Center",
Hekmatyar, Hekmatyar Heroine,
The Blind Shiekh,
The Village Voice,
Robert I. Friedman,
posted by adnanbwp
on Sep 20, 2001 -
Is Wage Insurance the Answer?
Central to the ongoing debate on globalization is whether free trade is a good thing or not because it pits capital against labor. Like a lot of policy issues (and politics :) trade helps some but hurts others, while polarizing and often making enemies of people on either side of the debate. Wage insurance might provide a middle ground where people can come together. (more inside!)
posted by kliuless
on Sep 6, 2001 -
corporate totalitarianism and the ftaa: Activists will gather in Quebec City, Canada on April 11, 2001 to protest the upcoming Summit of the Americas (SOA) meeting. The purpose of the SOA, which will be held April 18-22, is to hammer out the first full text of the Free Trade Area of the Americas (FTAA), a proposed agreement that would turn the entire Western Hemisphere (except Cuba) into the largest international trading bloc in history.
posted by kliuless
on Apr 10, 2001 -
Is everyone asleep at the wheel?
"The Senate on Tuesday approved a bill to normalize trade with China, marking a turning point in a half-century of stormy relations between the world’s strongest power and its most populous nation. In return, trade relations will no longer hinge on China’s human rights record, a link that has long irritated Beijing.
" It is a sad day for human rights in China.
posted by Brilliantcrank
on Sep 19, 2000 -
China, our new buddy
It seems like history may be made today. I hope that if China does receive favorable trade status that it will go to improve human life in that nation and improve ties between our countries.
I'd like to buy China a Coke...
posted by Brilliantcrank
on May 24, 2000 -
can states have a foreign policy?
the Supreme Court today will review whether state and local governments can protest human rights in other nations by restricting purchases from companies that operate in those countries. the court will decide whether states, by restricting purchases, are making foreign trade policy, which, under the Constitution, is the duty of the federal government.
posted by palegirl
on Mar 22, 2000 -