Doug Guthrie, dean and professor of international business and management, was quoted in several major stories on the U.S. Senate’s China currency bill, including an Oct. 2 Reuters story, “U.S. senators court 2012 voters with China currency bill,” and an Oct. 4 AP story, “Bill Punishing China for Currency Manipulation Moves Closer to Senate.”
From the AP article:
“But Doug Guthrie, dean of the George Washington University School of Business, argues that the legislation would do little to put Americans back to work and could saddle consumers with higher-priced Chinese goods.
“He said it was difficult to see how any currency adjustment would close the wage gap between Chinese and American workers and that most economists predict that American importers would simply switch from China to other low-wage countries such as Vietnam or Indonesia. Moreover, big sellers of Chinese goods such as Wal-Mart are heavily investing in the Chinese market, and are not likely to stop buying from Chinese factories. ‘Wal-Mart is so deeply embedded in China that there is no way’ they will leave, and the end result will be higher prices for American consumers, he said.”
Dean Guthrie was also quoted in an Oct. 5 Bloomberg Businessweek article:
“ ‘This is a lot of posturing, and I don’t know why,’ Doug Guthrie, dean of the George Washington University School of Business, said in an interview. ‘Rather than dealing with our own problems with job creation, we can just say there is another problem; we can say the economic pain is because China manipulates its currency.’ ”