The U.S. Trade Deficit: A Dangerous Obsession. / Joseph Quinlan and Marc Chandler.
by Quinlan, Joseph; SIRS Publishing, Inc.
Material type:
BookSeries: SIRS Enduring Issues 2002Article 9Business. Publisher: Foreign Affairs, 2001ISSN: 1522-3191;.Subject(s): Affiliated corporations | Balance of trade | International business enterprises | International economic relations | Investments -- Foreign | United States -- CommerceDDC classification: 050 Summary: "Every U.S. president over the past quarter-century has confronted an annual trade deficit. But the cavernous trade gap inherited by President George W. Bush dwarfs those faced by his predecessors. America's current-account deficit (which measures the cross-border exchange of goods, services, and investment income) averaged more than $1 billion a day last year [2000], reaching a record 4.4 percent of GDP." (FOREIGN AFFAIRS) This article examines the U.S. trade deficit from a national and international viewpoint, and strives to answer why economists are obsessed with analyzing its ups and downs.
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Articles Contained in SIRS Enduring Issues 2002.
Originally Published: The U.S. Trade Deficit: A Dangerous Obsession, May/June 2001; pp. 87-97.
"Every U.S. president over the past quarter-century has confronted an annual trade deficit. But the cavernous trade gap inherited by President George W. Bush dwarfs those faced by his predecessors. America's current-account deficit (which measures the cross-border exchange of goods, services, and investment income) averaged more than $1 billion a day last year [2000], reaching a record 4.4 percent of GDP." (FOREIGN AFFAIRS) This article examines the U.S. trade deficit from a national and international viewpoint, and strives to answer why economists are obsessed with analyzing its ups and downs.
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