Discussing the people, ideas, and companies that redefine capitalism and inspire positive change
Global economic conditions over the past five years clearly indicate that fundamental changes are needed if some sort of balance in the global economic system is to be achieved. Given the tremendous growth China’s economy has experienced in the past two-plus decades, and the repercussions of its US dollar peg, transitioning to a floating rate currency system could serve both China and its trading partners worldwide well.
The debate regarding the effects China fixing the value of its currency, the yuan, to the US dollar continues, even as China continues to resist calls to float its currency. In fact, it’s become apparent that Chinese government monetary policymakers have tightened the peg in the face of another potential banking system crisis and severe economic contraction, this time centered in Europe. This three-part series is an attempt to ‘deconstruct’ and examine, both wholly and in part, the effects of China’s US dollar peg and arguments for and against China moving to a floating exchange rate system.
I have long argued that corporate social responsibility (CSR) needs to be a fully integrated strategy throughout a company in order to have a significant effect on how the company does business. I have also written often about social enterprise/entrepreneurship where one builds a for-profit company that focuses on solving social problems as well as [...]
