Mexico should be up in arms against China and its weak renminbi.
Sir Arvind Subramanian, based on Dani Rodrik’s estimates, makes a solid case for how “It is the poor [emerging countries] who pay for the weak renminbi” February 4. The argument gets to be even clearer if using specific examples.
Mexico, should be USA’s China, had it not been for the fact that China’s political system makes it so much easier to manage a weak renminbi than Mexico’s a weak Mexican peso.
Mexico, should be USA’s China, had it not been for the fact that China’s political system makes it so much easier to manage a weak renminbi than Mexico’s a weak Mexican peso.
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