Download or read book Causes of the Trade Deficit and Its Implications for U S Economy written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1999 with total page 130 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book U S Trade Deficit Causes Consequences and Cures written by Albert E. Burger and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The U S Trade Deficit written by U.S. Trade Deficit Review Commission and published by . This book was released on 2000 with total page 342 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Report of the U.S. Trade Deficit Review Commission, November 14, 2000"--Cover p. [2].

Download or read book International Trade written by United States. General Accounting Office and published by . This book was released on 1987 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book U S Trade Deficit written by Albert E Burger and published by . This book was released on 1989-04-30 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Trade Deficit written by United States. Congress. House. Committee on Foreign Affairs. Subcommittee on International Economic Policy and Trade and published by . This book was released on 1987 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Causes and Consequences of the U S Trade Deficit and Developing Problems in U S Exports written by United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade and published by . This book was released on 1977 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Is the U S Trade Deficit Sustainable written by Catherine L. Mann and published by Peterson Institute. This book was released on 1999 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Download or read book The Making of an Economic Superpower written by Yi Wen and published by World Scientific. This book was released on 2016-05-13 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current "backward" financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream "blackboard" economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself. Contents: IntroductionKey Steps Taken by China to Set Off an Industrial RevolutionShedding Light on the Nature and Cause of the Industrial RevolutionWhy is China's Rise Unstoppable?Wha's Wrong with the Washington Consensus and the Institutional Theories?Case Study of Yong Lian: A Poor Village's Path to Becoming a Modern Steel TownConclusion: A New Stage Theory of Economic Development Readership: Academics, undergraduate and graduates students, journalists and professionals interested in economic development, the history of the Industrial Revolution, and especially China's economic transformation and industrial growth, as well as the political economy of governance.

Download or read book The U S Trade Deficit written by and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. trade deficit has risen more or less steadily since 1992. This imbalance reached $665.5 billion in 2004, an increase of nearly $135 billion over the 2003 deficit, and a rise of about $630 billion since 1992. The deficit's growth in 2004 was for the most part the consequence of a sharp acceleration of import purchases, up nearly $240 billion, in a fast growing economy. Exports had been falling since 2000, but in response to a cheaper dollar and faster growth abroad, increased about $40 billion in 2003 and about $120 billion in 2004. Together this has resulted in the trade deficit reaching another record size in 2004. The $3.9 billion deficit in the investment income component in 2002 was followed by a $33.3 billion surplus in 2003 and a $24.1 billion surplus in 2004. Surpluses in investment income are good news, but the large and growing size of U.S. foreign indebtedness suggests the longer term trend will be toward larger investment income deficits. The size of the U.S. trade deficit is ultimately rooted in macroeconomic conditions at home and abroad. U.S. saving falls short of what is sought to finance U.S. investment. Many foreign economies are in the opposite circumstances, with domestic saving exceeding domestic opportunities for investment. This difference of wants will tend to be reconciled by international capital flows. The shortfall in domestic saving relative to investment tends to draw an inflow of relatively abundant foreign savings seeking to maximize returns and, in turn, the saving inflow makes a higher level of investment possible. For the United States, a net financial inflow also leads to a like-sized net inflow of foreign goods -- a trade deficit. Absent the prospect of any major change in the underlying domestic and foreign macroeconomic determinants, most forecasts predict the continued widening of the U.S. trade deficit in 2004. But the rate of increase of the deficit is expected to slow as foreign investors slow the growth of their dollar asset holdings. The benefit of the trade deficit is that it allows the United States to spend now beyond current income. In recent years that spending has largely been for investment in productive capital. The cost of the trade deficit is a deterioration of the U.S. investment-income balance, as the payment on what we have borrowed from foreigners grows with our rising indebtedness. Borrowing from abroad allows the United States to live better today, but the payback must mean some decrement to the rate of advance of U.S. living standards in the future. U.S. trade deficits do not now substantially raise the risk of economic instability, but they do impose burdens on trade sensitive sectors of the economy. Policy action to reduce the overall trade deficit is problematic. Standard trade policy tools (e.g., tariffs, quotas, and subsidies) do not work. Macroeconomic policy tools can work, but recent and prospective government budget deficits will reduce domestic saving and most likely tend to increase the trade deficit. Most economists believe that, in time, the trade deficit will most likely correct itself, without crisis, under the pressures of normal market forces. But the risk of a more calamitous outcome can not be completely discounted. This report will be updated annually.

Download or read book Causes of the Trade Deficit and Its Implications for U S Economy written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1999 with total page 120 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Do Deficits Matter written by Daniel Shaviro and published by University of Chicago Press. This book was released on 1997-05 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: Do deficits matter? Yes and no, says Daniel Shaviro in this political and economic study. Yes, because fiscal policy affects generational distribution, national saving, and the level of government spending. And no, because the deficit is an inaccurate measure with little economic content. This book provides an invaluable guide for anyone wanting to know exactly what is at stake for Americans in this ongoing debate. "[An] excellent, comprehensive, and illuminating book. Its analysis, deftly integrating considerations of economics, law, politics, and philosophy, brings the issues of 'balanced budgets,' national saving, and intergenerational equity out of the area of religious crusades and into an arena of reason. . . . A magnificent, judicious, and balanced treatment. It should be read and studied not just by specialists in fiscal policy but by all those in the economic and political community."—Robert Eisner, Journal of Economic Literature "Shaviro's history, economics, and political analysis are right on the mark. For all readers."—Library Journal

Download or read book U S Trade Deficit Issues written by Carl T. Yankovich and published by Nova Science Pub Incorporated. This book was released on 2010 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. trade deficit has risen more or less steadily since 1992. In 2006, the trade imbalance reached $811.5 billion, an increase of $20 billion over the 2005 deficit, and a total increase of about $765 billion since 1992. The trade deficit's growth in 2006 was largely the consequence of increase of import purchases of nearly $210 billion, a slight deceleration from import growth in 2005. Exports in 2006 increased a smaller $162 billion, but this was an acceleration over the 2005 results. As a percentage of GNP, the trade deficit in 2006 was 6.1%, a decrease from 6.3% in 2005. The investment income component of the trade balance moved from a surplus of $10.3 billion in 2005 up to a surplus of $36.6 billion in 2006. The large and growing size of U.S. foreign indebtedness caused by successive trade deficits suggests that the investment income surplus is likely to soon be pushed toward deficit. The size of the U.S. trade deficit is ultimately rooted in macroeconomic conditions at home and abroad. U.S. saving falls short of what is sought to finance U.S. investment. Many foreign economies are in the opposite circumstances, with domestic saving exceeding domestic opportunities for investment. This difference of wants will tend to be reconciled by international capital flows. The shortfall in domestic saving relative to investment tends to draw an inflow of relatively abundant foreign savings seeking to maximise returns and, in turn, the saving inflow makes a higher level of investment possible. For the United States, a net financial inflow also leads to a like-sized net inflow of foreign goods -- a trade deficit. Absent a major shift in the underlying domestic and foreign macroeconomic determinants, most forecasts predict the continued widening of the U.S. trade deficit in 2007, but the rate of increase of the trade deficit is expected to slow. The benefit of the trade deficit is that it allows the United States to spend now beyond current income. In recent years that spending has largely been for investment in productive capital. The cost of the trade deficit is a deterioration of the U.S. investment-income balance, as the payment on what the United States has borrowed from foreigners grows with its rising indebtedness. Borrowing from abroad allows the United States to live better today, but the payback must mean some decrement to the rate of advance of U.S. living standards in the future. U.S. trade deficits do not now substantially raise the risk of economic instability, but they do impose burdens on trade sensitive sectors of the economy. Policy action to reduce the overall trade deficit is problematic. Standard trade policy tools (e.g., tariffs, quotas, and subsidies) do not work. Macroeconomic policy tools can work, but recent and prospective government budget deficits will reduce domestic saving and most likely tend to increase the trade deficit. Most economists believe that, in time, the trade deficit will most likely correct itself, without crisis, under the pressures of normal market forces. But the risk of a more calamitous outcome can not be completely discounted.

Download or read book U S International Trade in Goods and Services written by and published by . This book was released on with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financing the U S Trade Deficit written by James K. Jackson and published by DIANE Publishing. This book was released on 2010-11 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. merchandise trade deficit is a part of the overall U.S. balance of payments (BoP), a summary statement of all economic transactions between the residents of the U.S. and the rest of the world, during a given period of time. Some Members of Congress and others are concerned over the magnitude of the U.S. merchandise trade deficit and the associated increase in U.S. dollar-denominated assets owned by foreigners. This report provides an overview of the U.S. BoP, an explanation of the broader role of capital flows in the U.S. economy, an explanation of how the country finances its trade deficit or a trade surplus, and the implications for Congress and the country of the large inflows of capital from abroad. Charts and tables.

Download or read book The Great Trade Collapse Causes Consequences and Prospects written by Richard E. Baldwin and published by CEPR. This book was released on 2009 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economics and National Security written by Dick K. Nanto and published by DIANE Publishing. This book was released on 2011-03 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contents: (1) National Security (NS) and the Congressional Interest; 21st Century Challenges to NS; (2) The Role of the Economy in U.S. NS; Macroecon. and Microecon. Issues in NS; (3) Economic Growth and Broad Conceptions of NS: Human Capital; Research, Innovation, Energy, and Space; (4) Globalization, Trade, Finance, and the G-20; Instability in the Global Economy; Savings and Exports; Boosting Domestic Demand Abroad; Open Foreign Markets to U.S. Products and Services; Build Cooperation with International Partners; Deterring Threats to the International Financial System; (5) Democracy, Human Rights, and Development Aid; Sustainable Development. Charts and tables. This is a print on demand publication.