Bretton Woods II: Effects on China

Essay specific features

 

Issue:

Business

 

Written by:

Linda L

 

Date added:

August 14, 2013

 

Level:

University

 

Grade:

A

 

No of pages / words:

9 / 2286

 

Was viewed:

6800 times

 

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Essay content:

However, in doing so China has not only accumulated vast amounts of dollar reserves of the Center Country, USA, but has also played a major role in financing US’ current account deficit. This paper seeks to explain why the current system is not sustainable in the long run and what impact maintenance of stats quo would have on China’s financial system...
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Introduction The global current account deficit of the United States reached an unprecedented height of over $800 bn. or almost 7% of the US GDP in 2006 before falling to around $740 bn. in 2007. With a net foreign debt of $2.4 trillion or close to 17% of its GDP, the world’s largest economy and center of military power is also the world’s largest debtor...
displayed 300 characters

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