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James A. Dorn




James A. Dorn is Vice President for Monetary Studies and Senior Fellow at the Cato Institute. His articles have appeared in The Wall Street Journal, Financial Times and South China Morning Post. He has testified before the U.S.-China Security Review Commission and the Congressional-Executive Commission on China.

James is the Vice President for CATO academic affairs, editor of the Cato Journal, and director of Cato's annual monetary conference. His research interests include trade and human rights, economic reform in China, and the future of money.

www.cato.org

Author Article List



Sustaining China’s Economic Recovery: Domestic Consumption is Key

China’s unexpectedly strong economic rebound may appear miraculous. In reality, it’s derived from a combination of that government’s huge economic stimulus package and increasingly strong domestic consumer demand. Our firm, InterChina Consulting, views Chinese consumer spending as an increasingly important contributor to the Middle Kingdom’s long-term economic growth. It also is offsetting continued weakness in global demand for China’s exports and will be the foundation for sustainable growth in the future.

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China Is Accelerating up the Technology Chain: Strategies for North American Companies

Following other Asian nations, China is moving up the technology ladder—but at an unprecedented pace. This speed is phenomenal in and of itself. However, China possesses significant advantages relative to nations that have followed this very same path.

A Compelling Mix of Strengths

China possesses a combination of characteristics that enable rapid and sustainable growth of its technology base that few other nations enjoy. These include a:

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North American Trade and Investment in Need of Direction

The annual North American Leaders Summit was held in August in Guadalajara, Mexico, with President Obama, Canadian Prime Minister Stephen Harper and Mexican President Felipe Calderon. As I speak to audiences around the United States, I repeatedly hear the same question: “What was accomplished during the summit?” My short answer: not much.

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U.S. Trade Policy Is Unclear: It’s Conditional, Ambiguous and Not Particularly Reassuring

President Barack Obama is neither a committed free-trader nor a hard core protectionist. But his continuing failure to commit to a pro-trade agenda amounts to de facto protectionism and subverts his economic and foreign policy objectives.

No Clear Signal

Reacting recently to a provision in the climate change bill that would impose trade penalties against nations that do not limit carbon emissions enough, the president said, “At a time when the economy worldwide is still deep in recession and we’ve seen a significant drop in global trade, I think we have to be very careful about sending any protectionist signals.”

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