Faculty News
In an op-ed, Professor Roy Smith examines the economic dilemmas and reform strategies in Greece vs. China
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Excerpt from Financial News -- "Greece is trying a 'tyranny of the weak' strategy: if you won’t give us better terms, we will die on your doorstep. It is unlikely to work in the long run. Despite its referendum, Greece is broke and will have to restructure. In time, Greece will have to devalue its currency to survive, most likely by leaving the euro. China, on the other hand is pursuing a 'tyranny of the strong' approach: we are powerful enough to be able to make things the way we want them. It has no more likelihood of success, however, than the Greek strategy."
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