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This Debt Loops Rationale and Effects instructional video also includes:
Now that scholars understand more about currency imbalance and artificially suppressed currency, Sal discusses the motivations of the different actors. He briefly touches on the difficulty of unwinding a cycle like this once it has begun. Learners gain insight into the Chinese perspective, tracing its historical roots to the broader industrial goal of achieving parity with the developed world. They examine the impact of an offshore manufacturing base on both the US and China. Sal also brings up the US point of view and outlines the economic problems that will ensue if this cycle were to stop. He sets up a brief parallel to the recent recession, so consider challenging scholars to think more deeply on that connection.
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