Article;
http://economictimes.indiatimes.com/opinion/guest-writer/redefining-g20-the-way-forward/articleshow/8456893.cms
Comment;
International monetary system should concentrate on removing deficit and surpluses for the sake of constant returns from the external sector. Imports equal exports. Demanding currency of the country we are interested in international trade with will be helpful in eliminating imbalances in trade. For example, if we take the US and China and their currency the fundamentals say that they are enjoying same level of economic and political clout in international arena so they must resolve their differences on an equal level. Looking down on one another would increase the conflict and the economic war would end in the battlefield. Separation of both the field is important in averting a clash. And, equal power of currency should reflect the equal physical power. If both allow their currencies to appreciate slowly the differences would be resolved. We should not carry our economic differences in battle fields.
http://economictimes.indiatimes.com/opinion/guest-writer/redefining-g20-the-way-forward/articleshow/8456893.cms
Comment;
International monetary system should concentrate on removing deficit and surpluses for the sake of constant returns from the external sector. Imports equal exports. Demanding currency of the country we are interested in international trade with will be helpful in eliminating imbalances in trade. For example, if we take the US and China and their currency the fundamentals say that they are enjoying same level of economic and political clout in international arena so they must resolve their differences on an equal level. Looking down on one another would increase the conflict and the economic war would end in the battlefield. Separation of both the field is important in averting a clash. And, equal power of currency should reflect the equal physical power. If both allow their currencies to appreciate slowly the differences would be resolved. We should not carry our economic differences in battle fields.
No comments:
Post a Comment