tag:blogger.com,1999:blog-8595404115121834255.post1644974929294790539..comments2024-03-28T03:24:05.678-04:00Comments on NAKED KEYNESIANISM: Is China Buying the World?Matias Vernengohttp://www.blogger.com/profile/09521604894748538215noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8595404115121834255.post-44871751949823460792012-10-22T09:59:25.536-04:002012-10-22T09:59:25.536-04:00It's not a problem of exporters and importers....It's not a problem of exporters and importers. It's about who has the key currency, which implies the power to impose it as 'lingua franca' of the global market system, meaning the armies to back it up. The key commodities (oil) are prices in dollars and will continue to be in the foreseeable future. Suggest my paper here http://www.levyinstitute.org/pubs/wp_666.pdfMatias Vernengohttps://www.blogger.com/profile/09521604894748538215noreply@blogger.comtag:blogger.com,1999:blog-8595404115121834255.post-935302650444296002012-10-21T17:57:59.972-04:002012-10-21T17:57:59.972-04:00I wonder... There is a certain divide in the spher...I wonder... There is a certain divide in the sphere of geostrategy between the authors who believe that net exporters have the upper hand (from the political/strategical point of view) and those authors who believe instead that it is net importers who hold exporting nations by the throat. Their idea is that it is much easier for importers to substitute between the partners, while the exporters are forever in the danger of being starved of opportunities to sell.<br /><br />Dunno who is right. Maybe people on top of the governments don't even think in that terms at all.Roman P.https://www.blogger.com/profile/17384153967221979673noreply@blogger.com