Otherwise face global recession !
by amit tiwari on Jun 20, 2007 02:25 PM
This is again a very interesting and eye opening article by M. R. Venkatesh.
It is not exaggerated to say that US Dollar will lose the unrivaled prestige that it enjoyed since post Breton Wood arrangement. It will lead US consumption dearer. In Present era, US is acting as global growth engine by consuming the production of surplus production of China and other emerging economies.
In the new envisaged scenario of US Dollar collapse, it is imperative that we, including other emerging economies promote domestic consumption to avoid another global recession. It is really a very serious challenge before entire world.
However I would be thankful if you could explain the linkage between likely antidumping cases, as pointed out in your article and the exchange rate appreciation.
