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Causes Of The Trade Deficit And Its Implications For Us Economy
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Book Synopsis Causes of the Trade Deficit and Its Implications for U.S. Economy by : United States. Congress. Senate. Committee on Finance
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:
Book Synopsis U.S. Trade Deficit: Causes, Consequences, and Cures by : Albert E. Burger
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.
Book Synopsis The U.S. Trade Deficit by : U.S. Trade Deficit Review Commission
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].
Book Synopsis International Trade by : United States. General Accounting Office
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:
Book Synopsis Causes of the Trade Deficit and Its Implications for the U.S. Economy by : United States. Congress. Senate. Committee on Finance
Download or read book Causes of the Trade Deficit and Its Implications for the U.S. Economy written by United States. Congress. Senate. Committee on Finance and published by . This book was released on 1998 with total page 116 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis U.S. Trade Deficit by : Albert E Burger
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:
Book Synopsis Causes Of The Trade Deficit & Its Implications For The U.S. Economy... HRG.... S. HRG. 105-926... Comm. On Finance, U.S. Senate... 105TH Cong., 2ND Session, June 11, 1998 by :
Download or read book Causes Of The Trade Deficit & Its Implications For The U.S. Economy... HRG.... S. HRG. 105-926... Comm. On Finance, U.S. Senate... 105TH Cong., 2ND Session, June 11, 1998 written by and published by . This book was released on 1999* with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade Publisher : ISBN 13 : Total Pages :576 pages Book Rating :4.:/5 (327 download)
Book Synopsis Causes and Consequences of the U.S. Trade Deficit and Developing Problems in U.S. Exports by : United States. Congress. House. Committee on Ways and Means. Subcommittee on Trade
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 576 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :United States. Congress. House. Committee on Foreign Affairs. Subcommittee on International Economic Policy and Trade Publisher : ISBN 13 : Total Pages :184 pages Book Rating :4.0/5 ( download)
Book Synopsis The Trade Deficit by : United States. Congress. House. Committee on Foreign Affairs. Subcommittee on International Economic Policy and Trade
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:
Book Synopsis The U.S. Trade Deficit by : U.S. Trade Deficit Review Commission
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:
Book Synopsis How Trade Deficits Work by : Kate Canino
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 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.
Book Synopsis Untangling the US Deficit by : Richard A. Iley
Download or read book Untangling the US Deficit written by Richard A. Iley and published by Edward Elgar Publishing. This book was released on 2007-01-01 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Book Synopsis Causes of the Trade Deficit and Its Implications for U.S. Economy by : United States. Congress. Senate. Committee on Finance
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:
Book Synopsis International Trade by : U S Government Accountability Office (G
Download or read book International Trade written by U S Government Accountability Office (G and published by BiblioGov. This book was released on 2013-07 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: In response to a congressional request, GAO: (1) examined the causes of the increased U.S. trade deficit; and (2) discussed ways to reduce the deficit. GAO found that: (1) the most important cause of the increased U.S. trade deficit was the sharp rise in the value of the dollar, which caused the prices of U.S. goods to rise compared to the prices of foreign goods; (2) the strong U.S. economic recovery caused U.S. consumption of goods, including imports, to rise, while the Latin American debt problem curtailed U.S. exports; (3) although foreign trade barriers reduced international trade, they did not account for the huge increase in the U.S. trade deficit after 1980; and (4) U.S. products became less competitive due to the rise of the value of the dollar, rather than decreases in productivity. GAO believes that: (1) a lower U.S. budget deficit would help reduce U.S. interest rates, lower the value of the dollar, and lower the trade deficit; (2) the U.S. trade deficit would also fall if the industrial countries eased their economic policies and other countries allowed their currency values to rise; (3) U.S. efforts to open foreign markets and remove foreign trade barriers should continue; and (4) U.S. industries should continue productivity and product quality improvements to increase competitiveness.
Book Synopsis The United States Trade Deficit of the 1980s by : Chris C. Carvounis
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.
Book Synopsis U.S. Trade Deficit Issues by : Carl T. Yankovich
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.
