Global Economic And Technological Change Former Soviet Union And Eastern Europ
Global Economic And Technological Change Former Soviet Union And Eastern Europ
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Zinser. That's correct. Senator Bingaman. By any means. Mr. Zinser. That's correct. Senator Bingaman. Why, for example, what is Japan doing that is different from the policy we're pursuing. Japan, I gather from your statement, has essentially seen its deficit with China decrease, or? Mr. Zinser. Slightly. Senator Bingaman. Slightly. And what about the European Commu- nity? Mr. Petersen. It's stayed about the same, sir. I think they had about a 1 percent decline in their deficit last year. Japan... had about an 1 1 per- cent decline in their deficit last year. Senator Bingaman. And that's when we had our deficit. 88 Mr. Petersen. Ours grew by 43 percent. Senator Bingaman. Ours grew by 43 percent. What are they doing that we're not doing? Mr. Petersen. There are two elements to the story. The first element is the fact that the U. S. Has a very open market and a very strong demand for the light industrial goods that China is pro- ducing now. And part of what we're seeing is the result of the Chinese correcting 30 years of very poor policies under a Stalinist central plan- ning system.
What to read after Global Economic And Technological Change Former Soviet Union And Eastern Europ?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Joint Economic Committee to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Zinser. That's correct. Senator Bingaman. By any means. Mr. Zinser. That's correct. Senator Bingaman. Why, for example, what is Japan doing that is different from the policy we're pursuing. Japan, I gather from your statement, has essentially seen its deficit with China decrease, or? Mr. Zinser. Slightly. Senator Bingaman. Slightly. And what about the European Commu- nity? Mr. Petersen. It's stayed about the same, sir. I think they had about a 1 percent decline in their deficit last year. Japan... had about an 1 1 per- cent decline in their deficit last year. Senator Bingaman. And that's when we had our deficit. 88 Mr. Petersen. Ours grew by 43 percent. Senator Bingaman. Ours grew by 43 percent. What are they doing that we're not doing? Mr. Petersen. There are two elements to the story. The first element is the fact that the U. S. Has a very open market and a very strong demand for the light industrial goods that China is pro- ducing now. And part of what we're seeing is the result of the Chinese correcting 30 years of very poor policies under a Stalinist central plan- ning system.
What to read after Global Economic And Technological Change Former Soviet Union And Eastern Europ?
You can find similar books in the "Read Also" column, or choose other free books by United States Congress Joint Economic Committee to read onlineMoreLess
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