A Critical Imbalance in U.S. Trade

A Critical Imbalance in U.S. Trade
Author: Wynne Godley
Publisher: Levy Economics Institute of Bard College
Total Pages: 35
Release: 1995
Genre: Balance of payments
ISBN: 9780941276139

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U.S. Trade Policy

U.S. Trade Policy
Author: William Anthony Lovett
Publisher: M.E. Sharpe
Total Pages: 244
Release: 1999
Genre: Business & Economics
ISBN: 9780765603234

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A critical review of US trade policies that have failed to enforce sufficient reciprocity and overall trade balance. The authors seek to explain the failures of each policy, with an emphasis on trade history, a synthesis of trade theory outlooks and chronic internal deficits.

International Trade

International Trade
Author: United States. General Accounting Office
Publisher:
Total Pages: 60
Release: 1987
Genre: Balance of trade
ISBN:

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How Critical Is the U. S. Trade Deficit?

How Critical Is the U. S. Trade Deficit?
Author: David L. Bender
Publisher: Greenhaven Press, Incorporated
Total Pages: 40
Release: 1991
Genre: Balance of trade
ISBN:

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Understanding the Trade Imbalance and Employment Decline in U.S. Manufacturing

Understanding the Trade Imbalance and Employment Decline in U.S. Manufacturing
Author: Brian Reinbold
Publisher:
Total Pages: 3
Release: 2019
Genre:
ISBN:

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Economic analysis suggests that a trade war with China can neither stop the decline in American manufacturing employment nor eliminate the U.S. trade deficit, but it could significantly reduce the welfare of American consumers by making U.S. imports of Chinese goods more expensive. Moreover, it could cause the United States to lose its global leadership in free trade and globalization and facilitate China's rise as a world leader in trade and commerce. A better approach may be for policymakers to design policies that can ensure fair redistribution of the gains from free trade among American citizens and to reform the education system to prepare students for future jobs that require knowledge of automation and artificial intelligence.

Is the U.S. Trade Deficit Sustainable?

Is the U.S. Trade Deficit Sustainable?
Author: Catherine L. Mann
Publisher: Peterson Institute
Total Pages: 226
Release: 1999
Genre: Business & Economics
ISBN: 9780881322644

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The global financial crisis of 1997-98 and the widening US trade deficit have precipitated fresh inquiry into a set of perennial questions about global integration and the US economy. How has global integration affected US producers and workers, and overall growth and inflation? Is a chronic and widening deficit sustainable, or will the dollar crash, perhaps taking the economy with it? If the problem was one of "twin deficits," as many thought, why has the trade deficit continued to grow even as the budget deficit narrowed to zero? If US companies are so competitive, why does the trade deficit persist? Is the trade deficit a result of protectionism abroad? Will it lead to protectionism at home? What role do international capital markets have? Each chapter presents relevant data and a simple analytical framework as the basis for concise discussions of these major issues. The final section of the book provides an outlook for the deficit and suggests alternative policy courses for dealing with it. This book is designed for policymakers and others who are interested in the US role in the world economy. It is also suitable for courses in international economics, business, and international affairs.

Untangling the US Deficit

Untangling the US Deficit
Author: Richard A. Iley
Publisher: Edward Elgar Publishing
Total Pages: 285
Release: 2007-01-01
Genre: Business & Economics
ISBN: 1847207057

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The book would be a good companion text for an undergraduate class in international finance or open-economy macroeconomics. Catherine L. Mann, Journal of Economic Literature Untangling the US Deficit is a unique and well-researched book and will be of great interest to academic economists and postgraduates. Policymakers, business and market economists will also find it an enlightening and challenging analysis. sirreadalot.org The book is written in a very accessible fashion, even though the authors strive to accommodate competing and complex views on the causes and cures of the US external deficit, which makes for enjoyable and informative reading. Their reliance on data, charts and bibliography result in persuasive arguments. Recommended. General readers; upper-division undergraduates through practitioners. A. Sharma, Choice What are the causes of the US current account deficit? Are the problems made in the US or the rest of the world? Are these deficits sustainable, at what level? These are the types of questions the authors set out to answer, and in essence conclude that the answers do not matter for global stability as long as imbalances are left to market forces and the US can avoid large net income outflows. The beauty of this book, however, is watching the authors (the unusual combination of a business economist and an academic economist) arrive at this conclusion. They provide insights that can come only from years of practical and theoretical experience. William E. Becker, Indiana University Bloomington, US As the US current account deficit has expanded to a record level of $811 billion in 2006, debate about the deficit s causes and consequences has also grown. Is the deficit a product of American profligacy or a glut of savings in the rest of the world? Is it a serious problem or essentially benign? Untangling the US Deficit charts a course between the competing explanations in a systematic and rigorous approach, incorporating the latest academic research and market data. Particular attention is given to the China United States trade imbalance and to the special role of the US dollar and US capital markets in global finance. This unique and well-researched book will be of great interest to academic economists and postgraduates. Policy-makers, business and market economists will also find it to be an enlightening and challenging account.

The Effects of U.S. Trade Protection and Promotion Policies

The Effects of U.S. Trade Protection and Promotion Policies
Author: Robert C. Feenstra
Publisher: University of Chicago Press
Total Pages: 368
Release: 2008-04-15
Genre: Political Science
ISBN: 0226239535

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Economists disagree on whether recent U.S. trade policies are harmful or helpful, but they all agree that there is a new trend toward focusing on results-oriented policies in specific markets and with particular trading partners. These twelve essays by leading international economists explore crucial issues in U.S. trade policy today. Topics examined include the markets for automobile and automobile parts in the United States and Japan, the U.S. response to "unfair" trading practices such as dumping, and the effects of industry- and country-specific policies. Examples include high-technology and agricultural industries and off-shore assembly in U.S. border cities. The volume concludes that some policies can act to both protect imports and promote exports, that the threat of protectionist policies can often have effects that are as pronounced as their implementation, and that regulatory policy has as great an impact on trade and investment patterns as does trade policy itself. It will be of crucial interest to international trade economists, policy specialists, and political scientists.

U.S. Trade Deficit: Causes, Consequences, and Cures

U.S. Trade Deficit: Causes, Consequences, and Cures
Author: Albert E. Burger
Publisher: Springer Science & Business Media
Total Pages: 318
Release: 2012-12-06
Genre: Business & Economics
ISBN: 9400925204

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On October 23 and 24, 1987, the Federal Reserve Bank of St. Louis hosted its twelfth annual economic policy conference, "The U.S. Trade Deficit: Causes, Consequences, and Cures." This book contains the papers and comments delivered at that conference. A sharp decline in the value of the dollar against major foreign cur rencies began in March 1985 and continued through December 1987. Despite this decline, the U.S. trade deficit experienced considerable growth during this time. Many consider the simultaneous occurrence of these two events over so long a period to be a problem requiring a policy response. The conference addresses this issue. Various papers discuss the cause of the trade deficit, the reason for its size and persistence, its relation ship with other macroeconomic variables, its impact on other industrialized countries, and various policy proposals aimed at reducing the deficit. Session I Peter Hooper and Catherine L. Mann provide an analytical setting for the conference with their "The U.S. External Deficit: Its Causes and Persistence." Their observation that the unprecedentedly large U. S. trade imbalance is striking in both its size and its persistence could well be the subtitle of each of the papers presented. The macroeconomic studies, which Hooper and Mann summarize in their review of the existing literature, uniformly conclude that the deficit has not responded to fundamental macroeconomic determinants-relative U.S. income growth and the dollar's exchange rate-in the way that earlier, smaller U.S.

American Trade and Power in the 1960's

American Trade and Power in the 1960's
Author: Thomas W. Zeiler
Publisher: Columbia University Press
Total Pages: 404
Release: 1992
Genre: Business & Economics
ISBN: 9780231079303

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American Trade and Power in the 1960s is a timely examination of the success and failure of United States trade policy under presidents Kennedy and Johnson. Assessing a critical decade in postwar economic relations, Thomas W. Zeiler shows trade policy to be the decisive factor hastening America's economic decline vis-a-vis Western Europe and Japan. By the early 1960s, the international commercial might of the U.S. had begun to diminish as a result of the increased strength of the six-member European Economic Community and a persistent balance-of-payments deficit. Believing that America must either "trade or fade," Kennedy proposed a visionary foreign trade bill as a way to reinvigorate the U.S. economy and maintain the Western alliance against the Soviet. With an astute reading of previously unused documents, Zeiler provides a fascinating description of how Kennedy skillfully juggled powerful protectionist interests with his own more liberal trade sentiments to win passage of the bill. Illustrating the harsh realities faced by the U.S. in a world where its economic dominance was no longer assured, Zeiler also presents a masterful compendium of the GATT talks known as the Kennedy Round. In a narrative noteworthy for its clarity, theoretical sophistication, and scrupulous attention to detail, Zeiler shows how U.S. trade policy was thwarted by rising EEC integration and Gaullist obstructionism. The GATT talks conclusively demonstrated that "American hegemony had ended." American Trade and Power in the 1960s brilliantly illuminates the roots of America's economic decline.