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East Asian economic lessons, soaring dollar
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October 31, 2007
East Asian lessons for South America
Academic colleagues are calling SFU political scientist Andy Hira’s soon-to-be-published book a “must read” for policy makers and analysts. An East Asian Model for Latin American Success, to be published by Ashgate in December 2007, explains why following Western economic market principles has failed Latin America. Hira describes how East Asia’s economic plan could turn around Latin America’s ailing economy and huge inequalities in health care and education. In his new book Hira notes that, not just China, but Korea, Taiwan, Japan and Malaysia are booming after abandoning World Bank and International Monetary Fund policies and developing specific industries. Hira is available to talk about his book and why Latin American governments, such as a Venezuela’s newly elected leftist regime, are ripe to follow in East Asia’s economic footsteps.
Andy Hira, 778.782.3286, ahira@sfu.ca
Where does the buck stop?
The skyrocketing value of the Canadian dollar, now worth $1.0513 compared to the American dollar, has many economists and politicians speculating about the future of manufacturing and consumer buying habits. Not an easy job says SFU economics professor Nicolas Schmitt. “I am shocked by the rapid rise of our dollar but if oil prices suddenly drop then the dollar will follow,” adds Schmitt. Both he and SFU economist David Jacks can discuss the likelihood that Canadian consumers may see great bargains for Christmas on both sides of the border but manufacturing will suffer greatly if our dollar continues to rise in value. They can also address how Canada’s increasing export of oil to the United States is affecting our dollar’s value.
David Jacks, 778.782.5392, david_jacks@sfu.ca
Nicolas Schmitt, 778.782.4582, Schmitt@sfu.ca (away until Nov.1)
Academic colleagues are calling SFU political scientist Andy Hira’s soon-to-be-published book a “must read” for policy makers and analysts. An East Asian Model for Latin American Success, to be published by Ashgate in December 2007, explains why following Western economic market principles has failed Latin America. Hira describes how East Asia’s economic plan could turn around Latin America’s ailing economy and huge inequalities in health care and education. In his new book Hira notes that, not just China, but Korea, Taiwan, Japan and Malaysia are booming after abandoning World Bank and International Monetary Fund policies and developing specific industries. Hira is available to talk about his book and why Latin American governments, such as a Venezuela’s newly elected leftist regime, are ripe to follow in East Asia’s economic footsteps.
Andy Hira, 778.782.3286, ahira@sfu.ca
Where does the buck stop?
The skyrocketing value of the Canadian dollar, now worth $1.0513 compared to the American dollar, has many economists and politicians speculating about the future of manufacturing and consumer buying habits. Not an easy job says SFU economics professor Nicolas Schmitt. “I am shocked by the rapid rise of our dollar but if oil prices suddenly drop then the dollar will follow,” adds Schmitt. Both he and SFU economist David Jacks can discuss the likelihood that Canadian consumers may see great bargains for Christmas on both sides of the border but manufacturing will suffer greatly if our dollar continues to rise in value. They can also address how Canada’s increasing export of oil to the United States is affecting our dollar’s value.
David Jacks, 778.782.5392, david_jacks@sfu.ca
Nicolas Schmitt, 778.782.4582, Schmitt@sfu.ca (away until Nov.1)