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Avoid international cooperation of the "prisoner's dilemma",Hines Ward Pink JerseyEventually,Devin Aromashodu Jersey, the United States domestic targets the overwhelming international pressure,1960 DeSean Jackson Youth Jersey, international coordination of monetary policies failed. After the failure of cooperation is a competitive violent counteroffensive,Ronnie Youth Jersey, eventually intensified to the point of war,Rolando McClain Youth Jersey, dreams of economic recovery completely shattered. As good as some economic historians,Gerald McCoy Youth Jersey, 1929-1933 years of crisis recovery never occurred,Jermichael Finley Super Bowl Jersey, the crisis is being dragged in and devoid of the second world warG20 Summit November 11 in Korea held in Seoul,DeMarcus Ware Field Flirt Jersey, but Eve inharmonious factors highlight,Anthony Gonzalez Jersey, is the highest-profile United States starting the second round of quantitative easing monetary policy. Before the second quarter of 2011,Jerry Rice Jersey, the Fed announced that it will buy a $ 600 billion of bonds to boost the economy. Actually in the first round of quantitative easing,Larry Fitzgerald Pink Sweetheart Jersey, the Fed has launched include 1.25 trillion agency mortgage-backed bonds,Israel Idonije Jersey, 250 billion of agency debt,Peyton Manning Youth Jersey, long-term treasuries and the total amount of 1 trillion 300 billion term asset-backed securities loan facility asset purchase plan.United States strong overflow means accommodative monetary policy the European Union,Charles Woodson Pro Bowl NFC Jersey, Japan and China,Brett Favre Sweetheart Jersey, Korea,Tom Brady Sweetheart Jersey, and India,Jake Locker Jersey, and Brazil and other emerging economy currencies will face enormous pressure. Case of lack of policy coordination,Darren Sproles Jersey, in response to this pressure,Drew Brees Super Bowl Jersey, which is bound to intervention in foreign exchange markets in order to avoid their currencies appreciated significantly hurt domestic real economy and employment. States in order to avoid their further loss and racing to take the beggar-thy-neighbour,Adrian Peterson Fem Fan Jersey, thirst trade and currency policies,Drew Brees Fem Fan Jersey, eventually all countries in an unfavourable situation,Bernie Kosar Jersey, also in this round may occur in the international game of "prisoner's dilemma".History,Ndamukong Suh Zebra Jersey, knowing this,John Riggins Jersey, had taken place in the history of international cooperation "prisoner's dilemma" consequences for accurate understanding of the situation today has an important significance and propose countermeasures. 1929-1933 in the year the world economic crisis,Josh Freeman Jersey, the same United States economic tactics fired the first gun.On May 19,1980 Earl Campbell Jersey, 1930,Devin Hester Pink Jersey, the United States Congress passed the Smoot-Hawley tariff Act. Under the Act,Tashard Choice Jersey, about 75 kinds of agricultural products and industrial products in 925 to increase tariffs,Peyton Manning Pink Jersey, the general tariff level from 33% to the cent. This immediately caused protests by 33 countries and 7 countries in retaliation. United Kingdom even announced the members of the Commonwealth between "imperial preference",Cortland Finnegan Jersey, with trade protection against trade protection. Monetary war the same intense,Robert Mathis Jersey, 1931 United Kingdom first to abandon the gold standard and its colonies and a number of other countries "Sterling Group",Troy Polamalu Field Flirt Jersey, followed by Japan to renounce the gold standard the Yen exchange rate decreased by 65% to cheap goods to impact trade barriers of other countries. In 1933,Andre Johnson Youth Jersey, United States and some Central American countries to set up "$ group" and "pound" group confrontation,Julio Jones Jersey, France and some European countries also set up a "golden" group participation in the contest.Due to concerns over escalating economic war,Tom Brady Pink Fem Fan Jersey, when the countries of the world trade order through cooperation and attempt at economic recovery. On June 12,Brett Favre Camo Jersey, 1933,Walter Payton Youth Jersey, representatives of more than 60 countries met in London to attend the world economic conference in trying to solve the above problem. United States demands of generally lower tariff. As the United States the lead in the crisis in the implementation of a high tariff protection,Adrian Peterson Jersey, general tariff would not damage its domestic employment and exports of goods,Michael Oher Youth Jersey, but rather in favour of foreign dumping commodities. Clearly this initiative can hardly be recognized in most other countries.And the countries of Europe's main concern is stability of the dollar. However,Rey Maualuga Jersey, the dollar is an important content of Roosevelt's stimulating commodity exports. Roosevelt indicates the United States delegation would like to strongly resist any attempt aimed at the stable currency of international agreements,Hakeem Nicks Field Flirt Jersey, retain the absolute freedom of action. Eventually,Darrelle Revis Fem Fan Jersey, the United States domestic targets the overwhelming international pressure,Mike Williams Jersey, international coordination of monetary policies failed. After the failure of cooperation is a competitive violent counteroffensive,Barack Obama Jersey, eventually intensified to the point of war,Tramon Williams Jerseys, dreams of economic recovery completely shattered. As good as some economic historians,Brandon Flowers Jersey, 1929-1933 years of crisis recovery never occurred,Charles Woodson Youth Jersey, the crisis is being dragged in and devoid of the second world war.Although the current world situation and the early 30 's sinister comparable situations in the world,1994 Michael Irvin Jersey, brought about by economic globalization interdependence among the major powers have greatly weakened the possibility of a total collapse of the world economic order,1969 Ray Nitschke Jersey, however,Clay Matthews Youth Camo Jersey, the United States in international cooperation in the "sticks",979 Archie Manning Jersey, "domestic targets absolute priority",Ray Rice Sweetheart Jersey, and do not want to "remove one in favour of the world" behavior of logic there is no change at all. First before the International Conference of arbitrariness to expand the bargaining space initiatives,Visanthe Shiancoe Jersey, 80 years also the same. Therefore,Michael Vick Pink Sweetheart Jersey, the G20 Seoul Summit to reach a binding outcome of the substantive,Michael Vick Fem Fan Jersey, difficulties of not less than the then London Conference.China is concerned,Aaron Rodgers Field Flirt Jersey, in particular,Y.A. Tittle Jersey, need to prepare for multilateral international policy coordination in the United States to "target" position. Former United States Assistant Secretary of Treasury,Tyron Smith Jersey, Director of the Peterson Institute for international economics furide. Bogesiteng 2 months before the Seoul Summit to United States Congressional testimony propose,Lance Moore Jersey, Seoul will be further discussed at the Summit as an important component of revaluation of global rebalancing strategy implementation issues,Adrian Peterson Youth Jersey, United States should seek to establish a multilateral Alliance to force RMB appreciation. The EU and includes "the BRICs" some of the emerging economies,Colt McCoy Field Flirt Jersey, including the three other of its desire to draw. Taking warning from history,Drew Brees Youth Neck Jersey, this kind of "group against" way of thinking and action for the international relations and world order is very dangerous.The long term,Dustin Keller Jersey, trade wars,Cameron Wake Jersey, currency wars is not in the interest of any country. Especially in such a high degree of economic globalization today,Darrelle Revis Zebra Jersey, "harm others to benefit oneself" strategy will eventually Guide "harmful ruining" results. To target the global balance of economic structural adjustment inevitably need to pay the cost. Both product and service flows,Casey Hampton Jersey, capital flows or a savings and consumption,Michael Vick Youth Jersey, unbalanced the surpluses and deficits of two large group is involved,Aaron Kampman Super Bowl Jersey, therefore,Darnell Dockett Jersey, requires States to cooperate,Dallas Clark Jersey, to take "common but differentiated action",Brett Keisel Jersey, be fundamentally out of economic crisis,Charles Woodson Youth Super Bowl Jersey, achieving the goals of stable and sustainable economic recovery in the world.Written by the Oriental weekly editorials
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