IPI Publication Press Release
IPI Ideas - # 44
Related Publication Title:
Addressing the Chinese "Threat"
Released by Doug Bandow on 06/05/2007
IPI Ideas - # 44
Related Publication Title:
Addressing the Chinese "Threat"
Released by Doug Bandow on 06/05/2007
Full Text
Press Release (06/05/2007)
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New IPI Publication: Addressing the Chinese "Threat"
WASHINGTON, DC—When it comes to China, Washington has “nothing to fear but fear itself,” says a new publication by the Institute for Policy Innovation (IPI).
In “Addressing the Chinese Threat,” IPI’s Cobden Fellow in International Economics Doug Bandow discourages the U.S. from treating the growing economic giant as an enemy.
“Trade with China is largely beneficial to America,” writes Bandow. “The U.S. is acting from a position of strength, and should confidently engage, rather than timidly isolate, what is likely to be the world’s next great power.”
Bandow refutes arguments that China continues to be a traditional Maoist state, saying “China today is more free, more prosperous and more responsible than China only a few years ago.”
Recent studies also show China decades behind America both economically and militarily, and therefore, engaging in economic war would make no sense.
Instead, America should focus on improving its own economic performance and pursue a commitment to free market objectives on issues such as tax-reduction, spending cuts, regulatory relief, consumer-directed health care, telecommunications freedom and Social Security privatization.
“Reinforcing America’s commitment to market principles would cement America’s economic lead over the PRC for years, and probably decades to come,” concludes Bandow.
IPI Publication copies are available online at www.ipi.org. IPI author Doug Bandow is available for interview by contacting Sonia Blumstein at soniab@ipi.org or 205.620.2087.
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