Many countries devalue their currency. What do you think about it? Read this article that is against it:

Smick, D.M. (2012). How to save the global economy: Tame the world\’s crazy currency system. Foreign Policy, (191), 1-3

Should Japan devalue the Yen today? Why are the Chinese manipulating their currency?

Provide an example of another country than the U.S. to illustrate one of the consequences of devaluing or increasing the value of a currency on its businesses that are engaged in international trade. What are key overall conclusions you draw from devaluing or increasing the value from this example. Support your answers with at least two professional, academic sources and/or other credible sources.

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