Yesterday, Britain's prime minister, Gordon Brown, called for a "new global order" to deal with the economic crisis and warned against the protectionist policies that were put in place in the 1930s.
Tackling issues on the global economy, the prime minister said that a "radical step-up in global cooperation" was necessary to prevent the emergence of "financial mercantilism".
On the same day, Timothy F Geithner asserted that "China manipulates its currency". This was indeed unhelpful, to say the least, as Sino-American detente and cooperation is the essence of Brown's statements on creating a new global order.
Tackling issues on the global economy, the prime minister said that a "radical step-up in global cooperation" was necessary to prevent the emergence of "financial mercantilism".
On the same day, Timothy F Geithner asserted that "China manipulates its currency". This was indeed unhelpful, to say the least, as Sino-American detente and cooperation is the essence of Brown's statements on creating a new global order.