Author : Sara Gordon
Publisher : Praeger
ISBN 13 : 0899307728
Total Pages : 0 pages
Book Rating : 4.8/5 (993 download)
Book Synopsis The United States and Global Capital Shortages by : Sara Gordon
Download or read book The United States and Global Capital Shortages written by Sara Gordon and published by Praeger. This book was released on 1995-08-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Gordon maintains that the United States must implement policy measures to reduce the large amounts of capital it is borrowing from the rest of the world—a problem she attributes, mainly, to low private savings rates and high federal budget deficits. She explains how the United States became a debtor nation, describes the changes in global capital markets that occurred in the 1980s, and analyzes the extent of global capital requirements, the drop in the U.S. savings rate, and the policy measures that could be taken to raise it. Unlike most discussions that focus on faulty international trade practices as a cause of U.S. deficits, Gordon places a large share of the responsibility on U.S. macroeconomic policies. Concise, readable, lucid, Gordon's book will be useful to professionals in banking and finance, and to academics and upper-level students of international business, finance, and economics.