Article on US action against unfair trade practices by China; Questions timing of case. - 1 views
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jone3459 on 20 Sep 12This article describes a case the US is planning to file against China for subsidizing cars and car parts, mostly in developing countries. The reporter does mention that the rise in automation and the global recession of 2008 probably have effected employment numbers as well. International economics and business is pretty fascinating (ok, maybe, not to everyone), and it's worth noting that increased revenues for Chinese companies will allow China to pursue broader areas of research and development, as well as specilization in a lucrative market: auto sales in developing countries. Once a company has a market, it can give quite the fight to keep it, which provides the country and company a long term source of R&D funding. The article also raises the question of the timing of the case against China, and whether it's filing by the incumbent Obama administration is politically motivated. This question is more fully explored in an article from today's New York Times that goes well with the discussion from class today about government action on science and technology issues, and when it takes that action. Here's the link if anyone's interested in incumbent electoral advantages: http://www.nytimes.com/2012/09/20/us/politics/obama-exploits-familiar-junction-of-policy-and-politics.html?pagewanted=all