Making Room for China

Dani Rodrik writes about the current Chinese government's main instrument which is the currency undervaluation for subsidizing manufacturing and other tradable sectors, and for promoting growth through structural change.

The author is a Professor of Political Economy at Harvard University’s John F. Kennedy School of Government, is the first recipient of the Social Science Research Council’s Albert O. Hirschman Prize. His latest book is One Economics, Many Recipes: Globalization, Institutions, and Economic Growth.

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