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Please elaborate. Are you saying that the exchange rate effect of Bretton Woods is an advantage by attracting capital investment, or a disadvantage due to compa

• morpheos137 5y ago
  nothing to do with breton woods. In the long run the real costs of production are driven by comparative advantage not exchange rates. If the dollar goes down you simply pay more dollars for the same widget if the real economic cost stays the same. Manufacturing in China is cheap because China is good at manufacturing not just because of low wages.
  • jl2718 5y ago
    But the article is about Bretton Woods, so I’m trying to understand whether you think it would be wise or unwise for the US to dump it as the article suggests.