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The Sino Consensus
Week Thirteen
Class Canceled
Less Deadlines for Original Article
Optional Discussion Post
Washington
Consensus
Washington
Consensus
Pro:
People taxed, not when they are making money, but when they are spending money
Income Tax
Con:
Tax Lower Income People disproportionately more
Broad-Based
Sales Tax
1944 to 1971
1944 to 1971
IOU
Saudi Arabia
U.S.
IOU
https://www.youtube.com/watch?v=pSS7iJUsYCY
In your opinion, are China and the U.S. likely to have a cooperative, competitive, or conflictual relationship over the next fifteen to twenty years? Justify your position with explanations of what is motivating the Chinese policies we covered this week in class.
State in the Market:
Gas or Brake?
Brake
Gas
Deng Xiaoping's strategy of “crossing the river by touching the stones.”
Workers in China make around one-twentieth of the average monthly wage in America.
Prices for both domestic and imported goods increase
https://www.aiib.org/en/projects/approved/index.html