Ordinary Gweilo

There’s an excellent article in this week’s Business Week called “The Folly Of Slapping Quotas On China” which sets out the argument against quotas. It is by Laura D’Andrea Tyson from the London Business School, and she argues that the United States benefits from cheap imports and the main losers are other countries that export to the States (mainly Central and South America and the rest of Asia). Worth reading (and the magazine is worth buying).