Sijin Chen–#The world economy will face deflation# The U.S. budget crisis has entered the final stage, and the U.S. national budget will dry up in two days. The U.S. government has two options: abandon negotiation and declare bankruptcy (this is very unlikely), or raise the debt ceiling, draft a budget that reduces government expenditures and stick with it. Both will be catastrophic for the world economy, since either will lead to deflation! (Posted Oct. 15)
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SR: The Week’s China Reads
Every week, China Program’s Senior Advisor Dr. Robert A. Kapp compiles a reading list and provides commentary, for you to better understand China.
Robert A. Kapp is senior advisor to the China Program at the Carter Center. He has been principal of Robert A. Kapp and Associates, a business consulting firm, since 2004. From 1994 through 2004 he served as President of the United States-China Business Council…