Jason Welker's Profile

building human capabilities

be knowledgeable, to have access to the
resources needed for a decent standard of living and to be able to participate
in the life of the community

greater access to knowledge, better nutrition and health
services, more secure livelihoods, security against crime and physical
violence, satisfying leisure hours, political and cultural freedoms and sense
of participation in community activities

“Wealth
is evidently not the good we are seeking, for it is merely useful for the sake
of something else.”

Human development and
human rights are mutually reinforcing, helping to secure the well-being and
dignity of all people, building self-respect and the respect of others.

Some Chinese economists warn that the benefits to America from yuan revaluation are much exaggerated. In particular, a stronger yuan would not significantly reduce America’s trade deficit. There is little overlap between American and Chinese production, so American goods cannot replace Chinese imports. Instead, consumers would simply end up paying more for imports either from China or other producers, such as Vietnam. This would be like imposing a tax on American consumers.

The Bank of Japan faces mounting pressure to loosen its policy as deflation tightens its grip on the nation's economy. The central bank last week kept rates unchanged and upgraded its assessment of the economy. The bank, which has stuck with super-easy monetary policy for more than a decade, has hoped to follow other central banks in looking at ways to tighten policy.