Devaluation and growth

Print edition : March 22, 2013

Images of 100-dollar and 100-yuan notes. "Being large, having a deeply undervalued currency and having current surpluses are a recipe for individual success and a world disaster," the author reiterates, pointing the needle of suspicion at China. Photo: PETAR KUJUNDZIC/REUTERS

An in-depth examination of the effect of devaluation of currency on exports, trade and economic growth.
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