Europe can buy technology from US and sell it to China to turn threat of currency war into opportunity for recovery

The recent announcement by the US Federal Reserve that it will print more dollars raises fears of an impending currency war. Can the threat of a currency war be transformed into something more benign? Better still, can it stimulate fresh ideas and moves that lead to robust global economic recovery? The answer is yes if we pursue win-win business deals with imagination and goodwill.

Put simply, the proposal is for China and other Asian countries to buy European technologies and assets. With the money, European companies can then buy technologies and assets from elsewhere, including the United States. This will provide a benign environment for growth in the real economy, because it will reduce the global trade imbalance and help the dollar to recover.