2 page outline Introduction states that China’s devaluation policy is very much a dangerous one with various perils for the United States The introduction also states that a theoretical construct predicated upon Malthus and Romer allows us to see the dangers it poses to the United States China has gone to great lengths to manipulate and shelter various domestic industries in competition with the west Despite membership in the IMF, China continues to manipulate its currency China is a nation that uses an artificially low currency to prevent domestic consumers from buying overseas products whilst manufacturing costs in the country are kept low because of the renminbi’s artificially depressed value Malthus believed that the key to...The end:
.....cs, 1998. Print. Perry, Elizabeth J., and Mark Selden. Chinese society: change, conflict and resistance. 3rd ed. New York: Routledge , 2010. Print. Romer , David. "Keynesian Macroeconomics without the LM Curve." Working Paper: National Bureau of Economic Research 1 (2000): 1-45. Print. Romer , Paul . "Endogenous Economic Change." The Journal of Political Economy 98.5 (1990): S71-S102. Print. Taylor, John. Principles Of Macroeconomics. 5 ed. Boston: Houghton Mifflin Company, 2006. Print. Yang, Jiawen , and Isabelle Bajeux-Besnainou . "Is the Chinese Currency Undervalued?." The GW Center for the Study of Globalization 1 (2004): 1-29. Print. "About the IMF." IMF -- International Monetary Fund Home Page. N.p ., n.d. Web. 26 Oct. 2011. .