Keyword: Germany

Less than Meets the Eye (1/22/2010)

China’s apparent heavy dependence on exports for its GDP growth conceals the low value-added contents of its exports.

Keywords: China, export, Germany, labor productivity, value added

Shaky Union (5/12/2010)

Even though members of the European Union have no control over their domestic monetary policies, their undisciplined domestic fiscal policies can still wreak great havoc for the financial health of the Union.

Keywords: balanced budget, budget deficit, California, debt, debt/GDP ratio, depreciation, EU, euro crisis, European Union, exchange rate, fiscal policy, Germany, Greece, monetary policy

Trade Surplus Trap (6/18/2010)

Countries heavily dependent on exporting manufactured goods must deny their own citizens higher standard of living to maintain their trade surplus in an era of global wage arbitrage.

Keywords: China, dollar, exchange rate, fiat money, Germany, Japan, outsourcing, part-time workers, sterilize, temporary workers, trade surplus, Wage arbitrage, wages, yuan