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Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
Publisher : Unknown
Page : 580 pages
File Size : 50,5 Mb
Release : 1977
Category : Balance of trade
ISBN : STANFORD:36105045645913
Author : U.S. Trade Deficit Review Commission
Publisher : Unknown
Page : 342 pages
File Size : 53,9 Mb
Release : 2000
Category : Balance of trade
ISBN : MINN:31951D02015475X
"Report of the U.S. Trade Deficit Review Commission, November 14, 2000"--Cover p. [2].
Author : Albert E. Burger
Publisher : Springer Science & Business Media
Page : 318 pages
File Size : 49,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9789400925205
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.
Author : United States. Congress. Senate. Committee on Finance
Publisher : Unknown
Page : 130 pages
File Size : 48,6 Mb
Release : 1999
Category : Business & Economics
ISBN : STANFORD:36105050030688
Author : United States. General Accounting Office
Publisher : Unknown
Page : 60 pages
File Size : 47,8 Mb
Release : 1987
Category : Balance of trade
ISBN : UIUC:30112019073102
Author : United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
Publisher : Unknown
Page : 576 pages
File Size : 41,7 Mb
Release : 1978
Category : Balance of trade
ISBN : PURD:32754077530149
Author : U.S. Trade Deficit Review Commission
Publisher : Unknown
Page : 307 pages
File Size : 49,5 Mb
Release : 2000
Category : Balance of trade
ISBN : LCCN:2001315907
"Report of the U.S. Trade Deficit Review Commission, November 14, 2000"--Page 2 of cover.
Author : Anonim
Publisher : Unknown
Page : 588 pages
File Size : 48,6 Mb
Release : 2024-06-26
Category : Commercial statistics
ISBN : STANFORD:36105113729870
Author : Yi Wen
Publisher : World Scientific
Page : 336 pages
File Size : 40,5 Mb
Release : 2016-05-13
Category : Business & Economics
ISBN : 9789814733748
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.
Author : Murray Weidenbaum
Publisher : Unknown
Page : 300 pages
File Size : 52,5 Mb
Release : 2001-11-01
Category : Electronic
ISBN : 0756714990
Report of the U.S. Trade Deficit Review Commission. The Commission examined the trade deficit and its causes and consequences, and developed recommendations for action. The Commission held 10 public hearings, took testimony from 138 witnesses, commissioned original research and surveys of the lit., and met to deliberate on the info. collected. Chapters: causes of the U.S. trade and current account deficits; consequences of the U.S. trade and current account deficits; are large trade and current account deficits sustainable? worker adjustment assist.; trade policy and organization in the era of globalization; and international trade data: improving our knowledge base. Includes a CD-ROM.
Author : Anonim
Publisher : Unknown
Page : 128 pages
File Size : 43,6 Mb
Release : 2005
Category : Balance of trade
ISBN : OCLC:60679444
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.
Author : Catherine L. Mann
Publisher : Peterson Institute
Page : 226 pages
File Size : 51,6 Mb
Release : 1999
Category : Business & Economics
ISBN : 0881322644
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.
Author : Richard E. Baldwin
Publisher : CEPR
Page : 246 pages
File Size : 44,6 Mb
Release : 2009
Category : Commercial policy
ISBN : 9781907142062
Author : Nagwa Riad,Mr.Luca Errico,Christian Henn,Christian Saborowski,Mika Saito,Mr.Jarkko Turunen
Publisher : International Monetary Fund
Page : 87 pages
File Size : 48,9 Mb
Release : 2012-01-15
Category : Business & Economics
ISBN : 9781463973100
Changing Patterns of Global Trade outlines the factors underlying important shifts in global trade that have occurred in recent decades. The emergence of global supply chains and their increasing role in trade patterns allowed emerging market economies to boost their inputs in high-technology exports and is associated with increased trade interconnectedness.The analysis points to one important trend taking place over the last decade: the emergence of China as a major systemically important trading hub, reflecting not only the size of trade but also the increase in number of its significant trading partners.
Author : Helen V. Milner
Publisher : Princeton University Press
Page : 343 pages
File Size : 52,6 Mb
Release : 2021-02-09
Category : Political Science
ISBN : 9780691225289
Why didn't the protectionist spiral of the 1920s reappear in the 1970s in light of similar economic and political realities? In Resisting Protectionism, Helen Milner analyzes the growth of international economic interdependence and its effects on trade policy in the United States and France. She argues that the limited protectionist response of the 1970s stems from the growth of firms' international economic ties, which reduces their interest in protection by increasing its cost. Thus firms with greater international connections will be less protectionist than more domestically oriented firms. The book develops this thesis by examining the international ties of export dependence, multinationality, and global intra-firm trade. After studying selected U.S. industries, Milner also examines French firms to see if they respond to increased interdependence in the same way as American firms, despite their different historical, ideological, and political contexts.
