While the focus of President Obama's State of the Union address last night was on jobs and economic recovery, Obama also said the U.S. can no longer afford to stand by -- as other economic powers become more competitive. To level the playing field more in favor of American goods, should the U.S. impose protectionist measures against China?
All Posts Tagged With: "economic growth"
China predicted that it would achieve over 8 percent growth this year, and the economic superpower says it has fulfilled its target. For more on the Chinese economy, Martin Savidge interviews Marcus Mabry of the New York Times. And Melissa Chan of Al Jazeera English reports from China.
The World Bank released its annual economic report this week, predicting that the global economy will grow by 2.7 percent in 2010. Yet, today the U.S. Dept. of Labor announced an increase in unemployment, and GM said that it will cut 8,300 more jobs in Europe. Also, economists are worried about asset bubbles in China and about stimulus packages wearing off.
U.S. envoy George Mitchell recently said that Israel has reduced the number of checkpoints and roadblocks in the West Bank, helping economic growth. For its part, last year the U.S. gave nearly $1 billion in assistance to the Palestinians. Felice Friedson of The Media Line looks at broader attempts to foster growth and foreign investment in the Palestinian economy.
To help developing nations deal with global warming, Hillary Clinton said the U.S. would join other countries in raising $100 billion per year. But the economic impact of cleaning up the environment is preventing many nations from committing to a regulatory blueprint. Melissa Chan of Al Jazeera English reports from Shanxi province in the coal belt of northern China.
Although political leaders in China have not reached a consensus about emissions caps, the international community would like to see more concessions. With multimedia content from the Green China project at the Asia Society's Center on U.S.-China Relations, Worldfocus takes a deeper look at both sides of China's role in the climate change debate.
Ayo Johnson, a Worldfocus contributing blogger, writes about extraction of natural resources in Africa. The piece, excerpted from his blog, Africa Speak International, argues that Chinese investment in Africa has benefited that continent and speaks to Africa's natural strategic importance.