Does Just One Product – the iPhone – Cause an $11 Billion Trade Deficit for the US?

© 2018, Farok J. Contractor, Rutgers Business School   Trade Statistics Alone Can Frighten and Mislead In my July 11, 2018 blog post, The US-China Trade Spat: How the Public, Media, and Politicians Can Be Deceived by Data, I described how taking data and statistics out of the context of the larger picture can be not only … Continue reading Does Just One Product – the iPhone – Cause an $11 Billion Trade Deficit for the US?

The US-China Trade Spat: How the Public, Media, and Politicians Can Be Deceived by Data

© 2018, Farok J. Contractor, Rutgers Business School   Trade Statistics Can Be Less Than Half the China Story Looking at trade statistics alone is misleading because they lack overall context. The $337 billion US deficit with China in 2017 sounds scary. But a review of other economic factors provides insight into the larger picture. 1. … Continue reading The US-China Trade Spat: How the Public, Media, and Politicians Can Be Deceived by Data

Xinhua Interviews Farok Contractor about China’s Economic Growth: October 10, 2017

In the past five years there’s been a lot of significant achievements, such as the inclusion of the RMB (or the yuan) in the IMF SDR basket, which is putting China on the path to becoming a recognized internationally tradable currency. Interview: China could sustain 6 pct growth rate in medium term: U.S. expert Source: … Continue reading Xinhua Interviews Farok Contractor about China’s Economic Growth: October 10, 2017

Globalization Continues – And Multinationals Play by Rules Set by Other Nations (Despite What Trump Says)

© 2017 Farok J. Contractor, Rutgers Business School  Globalization is driven by two inexorable logical constructs: (1) Multinational companies go and sell where enough customers are located, serving foreign markets by whatever means possible. And: (2) Multinational companies produce (or outsource) wherever it is rational or cheap to do so following the rules of various countries … Continue reading Globalization Continues – And Multinationals Play by Rules Set by Other Nations (Despite What Trump Says)

What’s at Stake in China-US Relations? An Estimate of Jobs and Money Involved in the Bilateral Economic Tie

© 2017 Farok J. Contractor, Rutgers Business School NOTES ABOUT THIS POST:  •  This is an updated version of my January 15, 2017 post.  •  A version of this post was also published by Rutgers Business Review.  Recommended Citation: Contractor, Farok J. What is at stake in China-US relations? an estimate of jobs and money involved in the … Continue reading What’s at Stake in China-US Relations? An Estimate of Jobs and Money Involved in the Bilateral Economic Tie