Because China has pegged its undervalued currency, the renminbi, to the dollar, every weakening of the dollar in the wake of America's financial crisis has also meant a weakening of the renminbi vis-à-vis other world currencies.
For those of you who have seen the (American) movie "Up in the Air," think of the scene where George Clooney meets Vera Farmiga.
The competition for reserve-currency status is conventionally portrayed as a winner-take-all game.
In September 2008, the global economy and financial system was hit by an earthquake, whose epicenter was in the United States.
I began writing this column shortly after a remarkable anniversary.
Advocates of drastic cuts in carbon-dioxide emissions now speak a lot less than they once did about climate change.
In the early days of the global financial crisis, there was some optimism that developing countries would avoid the downturn that advanced industrial countries experienced.
Global government is unlikely in the twenty-first century, but various degrees of global governance already exist.
The Japanese intervention was immediately controversial. American politicians denounced it as predatory; Europeans saw it as a step on the road to competitive devaluations.
Barack Obama's administration suffered a string of fiscal setbacks this summer. But has it learned anything in recent months?
Glamorizing single motherhood is not realistic, but it allows female pop culture to express a revenge fantasy at all the potential husbands and fathers who walked away, or who wanted the sex but not the kids and the tuition bills.
Reports about labor shortages, wage disputes, and wage increases for migrant workers in China have abounded of late. They naturally raised concerns, or expectations, that China's labor-cost advantages may be disappearing.
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