Argentina, and the World, Grapple with the Economic Emergence of China

North Star Writers Group ^ | August 20, 2007 | Llewellyn King

[Dan Calabrese]

BUENOS AIRES – The government has increased import tariffs here on a range of goods, in an effort to curb the flood of Chinese imports. Predictably, the move by President Nestor Kirchner has been widely popular with the Argentine business community, but has furrowed the brows of international bankers and economists.

[raybbr]

But this is not just a problem for Argentina and small economies. It is a global challenge that is without precedent. The United States, for example, has just realized that 85 percent of its toys are made in China and 50 percent of its seafood is imported from there. This is a staggering market capture – greater than Britain’s world trade dominance in the 19th Century and America’s dominance through much of the last century.

Maybe it's not protectionism as much as it is the realization that countries are becoming fully dependent on one nation to provide it's food and goods. This is not wise as it provides that one nation with potentially overwhelming power.

[Surtur]

Maybe it's not protectionism as much as it is the realization that countries are becoming fully dependent on one nation to provide it's food and goods. This is not wise as it provides that one nation with potentially overwhelming power.

DING DING DING, We have a winner!!!

[raybbr]

ping

[hedgetrimmer]

I personally see nothing wrong with protecting our economy from predatory countries.

[dennisw]

We will do well to emulate Argentina but we have too many madmen/idiots/traitors who believe 850 billion dollar trade deficits are a positive for us.