currency manipulation is the government’s new weapon. as BBC said, it is government’s new weapon for the battle for economic recovery. many country have tried to undervalue their currency to raise the level of competitiveness of the currency. no wonder, some expert call it “competitive devaluation”
the issue now evoke intense debate among money expert. there are two main position on the debate. first, government said that currency manipulation will raise the competitiveness of certain domestic economy. second, some money expert said that such manipulation will be dangerous for the recovery battle itself. therefore, the issue will be a hot topic for the next G-20 meeting in Seoul, South Korea.