Gunnar Nelson, Chapter 11, Question 6

I find it interesting how Wheelans last statement ties into the relationship between America and China, which we are in an unhealthy economic relationship. The bulk of China's economic success is in the main production of exported goods, in the short run- both economies get want they want. China uses exports to generate jobs, GDP, and wealth, and America gets loans to add onto the national debt. " The United States gets loans from China to buy its exports." As a debtor country, we are vulnerable to the demands of China's creditors "America has a borrowing habit; China feeds it." I have always wondered how American policy of debt has effected other countries. We are in a difficult position with China because of our large amount of debt. In order to pay off our debt without infuriating tax payers would be a dirty task, your two main options are 1. Inflate it away, which would hurt both economies, or 2. refuse to pay the debts, also extremely detrimental to international, as well as national economics and social health. However through cooperation, nations can plan ahead to decide on the smartest way for an economy to act, which gives a small sense of relief.  

In the last passage of Chapter 11, Wheelan makes the comparison of baseball to international economic health. Baseball is a zero-sum game, where only one team can take it all and win the World Series, where as international Economic health is a different story. "All countries can become richer over time", as nations cooperate with each other, the world gets richer at the expense of no one.