Economy – Winners and losers of the globalization
Lesotho
It is pretty upsetting to read over and over again all those hypocrite arguments in the US, when they try to convince China to float its currency. It does not make sense economically and – as Dr. William Hickey pointed out here yesterday – it is rather ludicrous to ask China to act against its own interests.
But here they go again in the AP article:

U.S. manufacturers, unions and a growing number of lawmakers say a manipulation
to blame for the country's large trade deficit with China and the extremely low prices for products imported from China, from stepladders to bargain couches and candles.

There are places that have real problems to keep up the global competition, as in Lesotho, as this article in the New York Times shows. They have reason to be upset, but since they depend on the US customers, who only go for the prices. And with a falling dollar, they cannot compete.

American shoppers may register the dollar's fall, if at all, as an irritating uptick in the prices of imported goods. In tiny, dirt-poor Lesotho, it is more than an irritation; it is potentially fatal. Since December, 6 of the nation's 50 clothes factories have shut down, unable to match the prices of foreign competitors and still make a profit. That has eliminated 5,800 of the 50,000 garment-making jobs here. Layoffs have claimed at least 6,000 more.

Southern Africa as a whole seems to have much more to complain about.