US–China Trade Dispute

The late Imad A. Moosa, formerly Professor of Economics and Finance

• Contents: Preface 1. An Overview 2. The International Monetary System 3. International Trading and Financial Relations 4. Exchange Rate Misalignment 5. The Cause and Cure: Simple Numerical Illustrations 6. The Effect of Exchange Rate Adjustment on the Trade Balance 7. Why Revaluation of the Yuan will not Work 8. The Morality and Legality of Chinese Policies 9. The US Trade Deficit as an American Problem: Leveraged Over-Indulgence 10. The US Trade Deficit as an American Problem: Saving and Economic Structure 11. Concluding Thoughts References Index

’Imad Moosa reminds us that there are at least two sides to a relationship - including those in trade - and that failure of a relationship is rarely due to one side alone. Moosa handles the technicalities of exchange rates dexterously but reminds us constantly of the wider context of the trade relationships that determine them.’