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 Balanced Trade written by Jesse Richman and published by Lexington Books. This book was released on 2014-04-24 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: How should a principled nation which believes in the benefits of mutually beneficial trade respond to the predations of mercantilist trading partners and imbalanced trade? Many argue that the response should be to do little or nothing. Balanced Trade argues that achieving the full benefits of international trade requires an effective response. Although trade deficits provide short-term gains in consumption, these are combined with long-term losses in consumption, innovation, investment, employment and power. Furthermore, market mechanisms do not correct trade imbalances that result from mercantilism, nor do they compensate for the long term shift in production and consumption towards the mercantilist. Balancing trade can make important short run and long run contributions to economic stability and prosperity. In America today, despite the growing evidence that imbalanced free trade is not working, many American economists remain adamant in their promotion of free trade. They are also quick to label actions taken to balance trade as protectionism. The political system has also failed to effectively address the problem of imbalanced trade, and the Federal Reserve has often exacerbated rather than addressed the challenge. We show that the classical economic arguments against mercantilism do not justify doing nothing. Effectively responding to imbalanced trade and mercantilism requires careful selection of strategy in order to achieve multiple objectives: balancing trade while maintaining the benefits of international trade, avoiding unnecessary inefficiencies, and maintaining compliance with international law. One of the best options is the Scaled Tariff. By targeting countries with which the United States has a large current account deficit, the Scaled Tariff would efficiently, legally, and effectively balance trade. It would be applied to all imported goods from trade surplus countries that have had a sizable trade surplus with the United States over the most recent four economic quarters.The tariff rate would be designed to take in a portion (e.g. 50%) of the bilateral trade deficit (goods plus services) as revenue. No particular product is protected; the scaled tariff simply changes the terms of trade between the two countries, much as currency devaluation would change the terms of trade with all countries.
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 The United States and Its Trade Deficit Restoring the Balance written by United States. Congress. House. Committee on International Relations. Subcommittee on International Economic Policy and Trade and published by . This book was released on 1999 with total page 102 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 Chart Book Composition of the U S Merchandise Trade Deficit written by and published by . This book was released on 1987 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Living with the Trade Deficit written by United States. Congress. Joint Economic Committee. Subcommittee on International Economics and published by . This book was released on 1977 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Trade Deficit how Much of a Problem What Remedy written by United States. Congress. Joint Economic Committee. Subcommittee on International Economics and published by . This book was released on 1978 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 How Trade Deficits Work written by Kate Canino and published by The Rosen Publishing Group, Inc. This book was released on 2011-01-15 with total page 82 pages. Available in PDF, EPUB and Kindle. Book excerpt: Explores the causes of trade deficits, its effects on a country and how such a deficit might be reduced.
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 United States Trade Deficit of the 1980s written by Chris C. Carvounis and published by Praeger. This book was released on 1987 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Carvounis has written a splendid, brief explanation of the current U.S. trade deficit and its probable consequences. After providing a brief history of the deficit, he surveys and critiques the two leading explanations advanced by economic theory (monetarist and structuralist). . . . Carvounis finds the monetarist suggestions politically impractical and the structuralist solution unworkable as well as politically improbable. . . . The writing is crisp and well documented. Choice The United States Trade Deficit of the 1980s probes the causes and consequences, as well as possible responses to the trade imbalance. In a thorough examination of the origins of the trade imbalance, the study takes into account the magnitude of the problem, focusing on bilateral trade balances, sectoral balances, and future outlook. The causes and consequences of the deficit are explained through an exhaustive comparison between the monetarist and structuralist schools. In a comprehensive, nonideological approach, the book provides valuable critiques and conclusions with respect to both positions.
Download or read book Trade deficit written by United States. Congress. Senate. Committee on Finance. Subcommittee on International Trade and published by . This book was released on 1984 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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 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 307 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Report of the U.S. Trade Deficit Review Commission, November 14, 2000"--Page 2 of cover.
Download or read book Trade Deficit written by United States. Congress. Senate. Committee on Finance. Subcommittee on International Trade and published by . This book was released on 1984 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The U S Trade Deficit written by United States. Congress. House. Committee on International Relations. Subcommittee on International Economic Policy and Trade and published by . This book was released on 2000 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
