Brazil: World Is in a 'Currency War'

Filed under: China, Brazil, Japan, Politics, Currency

One disastrous international trade policy of the 1930s concerned tariffs: nations increased tariffs on imports to protect domestic industries; when applied universally, it resulted in declining export sales and trade volumes. Tariffs made the Great Depression worse.



Now, it appears, nations are on the verge of implementing another counter-productive policy -- manipulating currencies -- and if public officials are not careful, a similar downward spiral in international trade could occur.

Continue reading Brazil: World Is in a 'Currency War'

Brazil: World Is in a 'Currency War' originally appeared on BloggingStocks on Mon, 27 Sep 2010 15:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments
















Brazil - China - Great Depression - Japan - International trade

Full story at http://www.pheedcontent.com/click.phdo?i=d16b5e7f59f8afe92c27556d877c0137