Isn't setting the RMB/ dollar exchange rate at levels that keep China's small rice farms (and its interior provinces more generally) competitive sort of like setting Germany's exchange rate at a leve…

Dani Rodrik didn’t take long to stir up the blogosphere (see Steve Waldman, among others).   Rodrik makes an interesting point:   Trade doesn’t cut inflation.   Sure, it lowers prices for impor…

The FT’s Lex -- in the course of article that seems to suggest that the RMB will rise by far less than the market now expects -- says that China doesn’t import enough food for a stronger RMB to have …

On Monday, Bob Davis of the Wall Street Journal argued that the world isn’t flat, or at least it “isn’t as flat as it used to be.” National borders matter more. Barriers to the free flow of go…