India, Brazil would gain more from revalued yuan than U.S.

by Dave

John Dimsdale: India and Brazil are looking for a little competitive advantage too. David DeRosa is a currency expert at DeRosa Research:

David DeRosa: They simply think that they’ll get a bigger export market if China revalues upwards.

That means if Chinese-made clothes and electronics that dominate American store shelves become more expensive. Nicholas Lardy at the Peterson Institute for International Economics says a change in China’s currency would help developing countries even more than the U.S.

Nicholas Lardy: Those countries are at a much lower level of economic development, and they tend to produce a range of goods much more similar to what the Chinese produce.

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