The Resource Causes and consequences of the trade deficit : an overview, [written by Bruce Arnold ; edited by Sherry Snyder.]

Causes and consequences of the trade deficit : an overview, [written by Bruce Arnold ; edited by Sherry Snyder.]

Label
Causes and consequences of the trade deficit : an overview
Title
Causes and consequences of the trade deficit
Title remainder
an overview
Statement of responsibility
[written by Bruce Arnold ; edited by Sherry Snyder.]
Creator
Contributor
Subject
Language
eng
Summary
Since World War II, the United States has supported agreements among nations to eliminate barriers to international trade and investment. Despite occasional resistance that support has generally reflected a public consensus about the benefits to be gained from free trade. Since long before the war, the United States had run an almost unbroken string of trade surpluses--that is, an excess of exports over imports--and the war damaged or destroyed much of the most significant international competition for U.S. industry. Consequently, before 1970, U.S. industry seemed to have little to fear and much to gain from free trade. After 1970, however, the almost unbroken string of trade surpluses turned into one of trade deficits, and in the 1980s and 1990s, those deficits grew quite large. Opponents of freer U.S. trade point to the deficits as evidence of mistaken U.S. and unfair foreign trade policies. Many are concerned that the deficits cause a number of economic ills, such as unemployment and slower economic growth, and they therefore support import restrictions and other trade policies intended to reduce or eliminate the deficits. In fact, however, the deficits are not caused by either U.S. or foreign trade policies. Rather, they are determined by the balances between saving and investment in the United States and in other countries and the effects of those balances on international flows of capital. The major changes in the U.S. trade deficit since 1970 can be traced to three primary sources: a long decline in saving as a share of gross domestic product (GDP) that began in the mid-1950s and accelerated in the 1980s, fluctuations in the business cycle, and relatively attractive investment opportunities in the United States in the 1990s
Member of
Cataloging source
DOS
http://library.link/vocab/creatorName
Arnold, Bruce
Government publication
federal national government publication
Illustrations
  • illustrations
  • charts
Index
no index present
LC call number
HF3031
LC item number
.A863 2000eb
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Snyder, Sherry
  • United States
Series statement
CBO memorandum
http://library.link/vocab/subjectName
  • Balance of trade
  • Investments, Foreign
  • United States
  • United States
  • Balance of trade
  • Commercial policy
  • International economic relations
  • Investments, Foreign
  • United States
Label
Causes and consequences of the trade deficit : an overview, [written by Bruce Arnold ; edited by Sherry Snyder.]
Instantiates
Publication
Note
  • Title from PDF title screen (viewed on Dec. 15, 2010)
  • "March 2000."
  • "Bruce Arnold ... wrote the memorandum ... Sherry Snyder edited the memorandum ..."--1st prelim. page
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction and summary -- What is the current-account deficit? -- What causes the current-account deficit? -- Do inflows of foreign capital harm the economy? -- Should anything be done about the current-account deficit? -- Conclusion
Extent
1 online resource (25 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Hein Online
Other physical details
illustrations.
Specific material designation
remote
System control number
  • (OCoLC)692702801
  • (OCoLC)ocn692702801
Label
Causes and consequences of the trade deficit : an overview, [written by Bruce Arnold ; edited by Sherry Snyder.]
Publication
Note
  • Title from PDF title screen (viewed on Dec. 15, 2010)
  • "March 2000."
  • "Bruce Arnold ... wrote the memorandum ... Sherry Snyder edited the memorandum ..."--1st prelim. page
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
Introduction and summary -- What is the current-account deficit? -- What causes the current-account deficit? -- Do inflows of foreign capital harm the economy? -- Should anything be done about the current-account deficit? -- Conclusion
Extent
1 online resource (25 pages)
Form of item
online
Media category
computer
Media MARC source
rdamedia
Media type code
c
Note
Hein Online
Other physical details
illustrations.
Specific material designation
remote
System control number
  • (OCoLC)692702801
  • (OCoLC)ocn692702801

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