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Title: Washington Report, 2008-03 
Author: U.S. Asia Pacific Council; Bergsten, C. Fred
Date: 2008-03
Publisher: Washington, D.C.: East-West Center, U.S. Asia Pacific Council
Abstract: The Bush Administration has argued that the economic challenges caused by China's burgeoning surplus and undervalued currency are best addressed through engagement—a combination of bilateral dialogue and an "intelligent use of leverage" in the form of WTO suits and U.S. trade remedy actions. A growing number of U.S. lawmakers who regard the massive U.S.-China trade deficit as a threat to America's economic welfare have argued that "engagement" has not produced timely results. Some are advocating using protectionist means to resolve the twin problems. Dr. C. Fred Bergsten, Director of the Peterson Institute for International Economics, offers new approaches for dealing with economic imbalances and currency misalignments that are not protectionist. Importantly, they would engage all the major Asian nations in a cooperative effort to ensure an orderly adjustment process.
Description: For more about the East-West Center, see
Pages/Duration: 10 p.

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  • Washington Report [35]
    Washington Report is a bimonthly newsletter that provides an "inside-the-Beltway" perspective on developments in U.S.-Asia Pacific relations. The centerpiece of the report is an interview with a leading authority on an economic, political, and/or strategic issues of importance to transpacific relations. Periodically, a special supplement is published that provides in-depth analysis of a topic covered in the newsletter.


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