BEIJING, March 20 (Xinhua) -- Given the sluggish world economic growth at present, any protectionist actions would be a nightmare and protectionism cannot be an antidote for the fragile global economy, a U.S. economist said at roundtable talks held in Beijing on Monday.
Attending the roundtable talks on China-U.S.-Canada Relations under President Donald Trump's Administration, Richard N. Cooper, a U.S. economist, policy maker and professor at Harvard University, warned against the possible consequences of protectionism.
The world economy is fragile at the present time and any serious move to protection "would kill the world economy away from growth," Cooper said.
According to Cooper, the world economy is entering a period of secular stagnation, and it would be "extremely unwise" to carry out serious protectionist actions at the current time.
Cooper was referring to the upsurging protectionism in the West, which has seen some European politicians preaching protectionism and isolationism to solicit votes.
For the Trump administration, trade protectionism will certainly fail to provide jobs for local Americans, said Cooper, adding that he believes Trump cannot be labeled as an anti-globalizer.
"He is certainly for free trade, because this is for U.S. profit," he said.
For Chinese authorities, the economist said they have been doing well in managing China's economy in the last three decades.
Despite a slight slowdown, China's economy nevertheless had an actual growth of 6.7 percent year on year in 2016, outpacing most other economies and accounted for more than 30 percent of global growth, according to the National Bureau of Statistics.
For 2017, China has set its gross domestic product growth target at around 6.5 percent, taking the lead in rebuilding confidence in the global economy.
"China's share of the world economy will still be growing," Cooper said, expressing confidence in the Chinese government to manage the country's economy well for the next 20 years.
Georgia’s Financial Help to Students Georgia’s Financial Help to Students June 25 Cheap Jae Crowder Jersey , 2013 | Author: Annie Husket | Posted in Education
One of the things that is mostly looking forward to by highschool graduating student is their college life. This is the time where they think about a better future. They have several things under consideration. They'd like to finalize the course that they'll be taking up. Nonetheless this normal thinking of scholars has turned into a sad memory, especially if they know that they do not have enough cash to support their university education. This is common to students who belong to the poor family. Their dreams have been put into the corner. This is the dilemmas that a lot of them are facing.
As everybody knows, education isn't just a luxurious excess , but it is a prerequisite. Everybody has got the right to proper education. This isn't only restricted to a certain group. This is the reason each govt. has an instructional program offered to meriting scholars. UGA financial help and Georgia Tech financial help are collaborating to give each student an opportunity to pursue their dream about having a college education. They're the hope of those students.
UGA financial help is given to students who've no financial capacity to enroll themselves in university. As everybody may know, the price of education in today's time is actually high. There are several scholarship programs under the UGA financial-aid program. Every one of the programs has different qualifications you have to meet, so as to avail of the free university education. In the case of the Georgia tech financial aid, they are giving free education, but you have got to pass all the wants, have at least no failing grades, and most particularly you must have a very good grade across the eight consecutive semesters. I
n other words, you have got to be brainy in order to qualify in their programs, plus given the fact that you belong to the middle to poor family class. If you are rich, then this grant isn't for you. The key concern of the Georgia tech financial aid is those students who belong to the third class family. They want to make sure that they are helping the needy.
Federal grant is also given by the UGA financial support. This is given to them with the assistance of the government. Therefore, for you to qualify you have to be a pure citizen of the United States of America, the very same grant given by the Georgia tech financial aid. There are other forms of grant. If you're not that clever, and have low possibilities of entraining very good grades, then you might like to consider being a working student. This is also a kind of scholarship. The only difference is that you're working under their programme. You are given the opportunity to choose the hour of work in consideration with your class schedules. There's no need to maintain an excellent grade. A passing grade will do provide you've got to work.
Annie Husket is a single mummy with 2 kids aged 6 and 4. She works in a close-by community teaching babies art. She likes youngsters and during her free time, she likes to share her experiences and thoughts with others on how she strove with finances, getting a loan, a mortgage, surviving, all along.
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