| Publication |
2009.
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| Summary/Abstract |
Global balance of payments has been dominated by the trade and investment relationship between two countries, China and the United States. This relationship is now undergoing a major shift; to the extent that their economic policies do not accommodate this shift, they are likely to fail, in much the same way that economic policy failed in the 1930s. The consequence for the world, and especially for China, could be terrible.
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