[POLICY BRIEF no. 179]
(JANUARY 2011)

Abstract
During an “exit interview” with the Wall Street Journal, departing National Economic Council Director Lawrence Summers argued that history would judge the United States based on how well we adjust to China’s emergence as a great power, economically and politically. In the face of China’s progress, America’s manufacturing sector faces major challenges in becoming and remaining competitive and our choice of national economic policies will affect how well we meet those challenges. It is essential that the U.S. trade deficit not balloon as the economy recovers. There is scope to expand our exports in services and agriculture, but improving the competitiveness of U.S. manufacturing is vital.

[관련자료]
전문가칼럼 : Examining the Sino-US Trade Imbalance from the Perspective of China's Economic Rise

학술보고서 : China's Foreign Policy In An Eventful 2010 : Facing Multiple Challenges In A Deteriorating Exteral Environment