February 3, 2012

Expect China to Shape Next Bretton Woods Pact

Philip Coggan, Bloomberg

AP Photo

It seems unlikely that the next 10 years will see a yuan standard replacing a dollar standard. But might the present crisis conditions lead to some other sort of change? Might countries, for example, be driven to enter a new arrangement comparable to the 1944 Bretton Woods pact, in which the world's major industrial states agreed to adhere to a global gold standard to stabilize international currencies?

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TAGGED: United States, China


January 21, 2012
Saudi Arabia Pivots Towards Asia
Peter Lee, Asia Times
As the exploitation of its own gas and oil resources leads to a future in which the United States washes its hands of Middle Eastern intractables and oil, Saudi Arabia's primacy in US energy concerns is weakening. The kingdom... more ››
January 29, 2012
The World's Disconnected Elites
David Ignatius, Washington Post
As the "best and brightest" from the developing world plug into the global grid, they inevitably unplug from their local political, business and cultural networks. It’s a subtler version of what used to be called the... more ››
January 26, 2012
Obama Getting Serious About China Trade?
Gordon Chang, Around Asia
If there were any time for the White House to get serious about Beijing's predatory trade policies, this is it. Clearly, China's surpluses are not sustainable, especially in a period of deteriorating economic conditions. Last... more ››
January 24, 2012
China's Century? Nope (pdf)
Belfer Center
January 24, 2012
America Reorders Its Asia-Pacific Defense
Harsh Pant, Japan Times
The new strategy is explicitly geared towards tackling the emerging threat from China's massive and rapid military build-up. It takes forward the already underway process of reorienting the American military might from the... more ››