Making Third World Pay for Overvalued Dollar

Making Third World Pay for Overvalued Dollar ISG IF dollar has to stay overvalued, let us impose an import surcharge. That is the conclusion of the Morgan Guaranty economists. The US Congress has already passed a non-binding resolution urging the President to consider imposing a surcharge on Japanese imports. This shows that even those who are convinced about the substantial overvaluation of the dollar have more or less reconciled themsleves to the view that a major rectification, however desirable, is not practical. Not in the near future, in any case.