Word: exportability
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...team had to ask the Chinese government not to backtrack on its commitment to "continued currency reform," as a Treasury spokesman put it. The RMB has recently weakened against the dollar, raising global alarm bells that China might try to devalue it as a way to revive its gasping export sector, putting pressure on other exporters to weaken their currencies and stirring up protectionist sentiment in Washington - particularly among U.S. labor unions, which heavily backed President-elect Barack Obama. For its sake, China blandly replied that the recent fluctuations in the RMB market were in line with market forces...
...trading partners nervous with a recent, relatively small reversal of the slow and steady rise in the RMB's value against the dollar. As a senior executive at a state-owned financial institution conceded to TIME two weeks ago, there is undeniable pressure from China's politically powerful export sector to weaken the RMB, which would make Chinese goods more price competitive abroad. If China triggered a wave of devaluations from other East Asian countries that are its export-market competitors, most economists believe the result could be catastrophic, increasing deflationary pressures in the developed world and quite possibly leading...
...Time. Plus, I don’t think you can export democracy. George Bush and those folks thought you could, but I don’t think you can. For democracy to happen people have to understand what democracy is and they have to want to adopt it. Each country that tries to go down the democratic road is probably going to have a different democracy than the Americans have...
...clear the Mumbai group was connected to the Pakistan-supported Lashkar-e-Taiba, but it takes a while before we know how close and structured that relationship was and how much autonomy the attacking unit was operating with," Bruguière says. "LeT is keen to export its fight throughout the region and world but will do so in loose relationships with myriad extremist movements out there. Some will use car explosions, others kamikaze bombers, and others insurgent terrorists who - just maybe - decide to use drugs to keep their strike going longer. If we want to prepare...
Brisset says China is now exploiting recent history to use France as a wedge with which to divide Europe, export-dependent China's second largest trading partner. "China faces real trouble on human rights, trade, the ecology, and how it has managed the economic and financial crisis, and it doesn't want further problems from Europe," Brisset says, noting that the E.U. recently introduced new tariffs on Chinese goods. "If Sarkozy recognizes China is attacking France to divide Europe, and insists the E.U. come up with a firm collective stand to replace weak bilateral accords, this could be an opportunity...