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CPA ISSUES FORUM MEMO:
Globalization and the Growing Divergence Between Corporate and National Interests
prepared by Carolyn Avery, IAS Group, June 17, 2008
Speaker: Ralph Gomory, Research Professor
NYU Stern School of Business
Charles Wilson famously articulated the enduring idea that what was good for an American company was also
good for the United States. The idea that free trade is good for us is also deeply ingrained in our national
dialogue. But when Intel builds a $2.5 billion high-tech semiconductor plant in China, how does this benefit the
U.S. national interest? As globalization reshapes the relationships between companies, countries, and trade, the U.S. should reassess its ideas about corporate and national interests.
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110th CONGRESS
1st Session
H. R. 2942
To provide for identification of misaligned currency, require action to correct the misalignment, and for other purposes.
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110th CONGRESS
1st Session
S. 796
To amend title VII of the Tariff Act of 1930 to provide that exchange-rate misalignment by any foreign nation is a countervailable export subsidy, to amend the Exchange Rates and International Economic Policy Coordination Act of 1988 to clarify the definition of manipulation with respect to currency, and for other purposes.
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Press Release from U.S. Senator Debbie Stabenow's office dated June 16, 2008:
STABENOW, COLLEAGUES TO ADMINISTRATION: PUSH THE CHINESE GOVERNMENT TO STOP MANIPULATING ITS CURRENCY
On Eve of Latest Strategic Economic Dialogue with China, Bipartisan Group of Senators Urge Administration to Stand Up for American Businesses, Workers
WASHINGTON--U.S. Senators Debbie Stabenow (D-MI), Jim Bunning (R-KY), Evan Bayh (D-IN) and Chuck Schumer (D-NY) along with a bipartisan group of Senators, including Senator Barack Obama, today sent the following letter to Treasury Secretary Henry Paulson urging the administration to push the Chinese government to stop manipulating its currency and to allow greater appreciation of the renminbi (RMB).
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CPA ISSUES FORUM MEMO:
India and China: An Advanced Technology Race and How the United States Should Respond
prepared by Carolyn Avery, IASG Ltd., June 2, 2008
Speaker:
Earnest Preeg, Manufacturers Alliance/MAPI
The United States faces great challenges as technologically driven globalization with China and India is changing the global economic order. Yet we cannot devise an effective response unless we first understand the context, nature and likely evolution of these challenges.
The Point of Departure Assessment
Both India and China are emerging advanced technology superstates:
Nations that will almost certainly achieve great economic, technological, and financial status, that will very likely become financially and politically powerful in international affairs, and that will inevitably strive to become military superpowers as well.
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