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While it has sizeable risks, the US battle with China could open the door to a new era
Via Graham Watson
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Rescooped by Bruce Fellowes from International Economics: IB Economics |
Scoop.it!
Via Graham Watson
Mohammed El-Erian tries to find a silver lining to the current trade war, arguing that it might permit a global realignment, and modernisation of outdated trade practices, and potential benefits in future.
I hope that he's right - I cant help thinking that the President's brain is incapable of strategizing in this fashion. But then again, he does suggest it could be "Reagan moment" - perhaps suggesting that the unintended effects" of the decisions taken by those of limited intellectual ability can occasionally have positive ramifications.