piece of theater designed to buy a few months’ respite from protectionist pressures in the U.S. Congress<\/em> \u00bb.<\/p>\n<\/p>\n\tD’ailleurs, toujours s\u00e9duite par le court terme, l’administration GW Bush (le secr\u00e9taire au tr\u00e9sor Snow) a dit toute sa satisfaction de la d\u00e9cision chinoise.<\/p>\n<\/p>\n
\tMais Krugman n’en reste pas l\u00e0. Il pense aux effets qui vont commencer \u00e0 se faire sentir dans les prochains mois. En un mot: au travers des diverses probabilit\u00e9s de d\u00e9veloppement des rapports commerciaux et financiers (position du dollar, courant des investissements), la fin du cr\u00e9dit chinois qui soutient les Etats-Unis. Et l’apparition soudaine d’une nouvelle situation strat\u00e9gique.<\/p>\n<\/p>\n
\t\u00ab Nonetheless, it could be the start of a process that will turn the world economy upside down or, more accurately, right side up. That is, the free ride China has been giving America, in which the world’s richest economy has been getting cheap loans from a country that is dynamic but still quite poor, may be coming to an end.<\/em><\/p>\n<\/p>\n\t(…)<\/p>\n<\/p>\n
\t\u00bb And what about the strategic effects? Right now America is a superpower living on credit something I don’t think has happened since Philip II ruled Spain. What will happen to our stature if and when China takes away our credit card?<\/em><\/p>\n<\/p>\n\t\u00bb This story is still in its early days. On the first day of the new policy, the yuan rose only 2 percent, not enough to make any noticeable difference. But one of these days Chinese dollar purchases will trail off, and we’ll find ourselves living in interesting times.<\/em> \u00bb<\/p>\n<\/p>\n<\/p>\n
\tMis en ligne le 23 juillet 2005 \u00e0 08H20<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Pour Paul Krugman (dans The International Herald Tribune du 23 juillet), la d\u00e9cision des Chinois de d\u00e9crocher le yuan du dollar est, \u00e0 premi\u00e8re vue, \u00e9nigmatique. Peut-\u00eatre s’agit-il, pour le court terme, d’une \u00ab piece of theater designed to buy a few months’ respite from protectionist pressures in the U.S. Congress \u00bb. D’ailleurs, toujours s\u00e9duite… <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[2],"tags":[898,4660],"class_list":["post-66623","post","type-post","status-publish","format-standard","hentry","category-bloc-notes","tag-krugman","tag-yuan"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/66623","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/comments?post=66623"}],"version-history":[{"count":0,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/posts\/66623\/revisions"}],"wp:attachment":[{"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/media?parent=66623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/categories?post=66623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.dedefensa.org\/index.php\/wp-json\/wp\/v2\/tags?post=66623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}