Is the U.S. Trade Deficit Sustainable?

by Catherine L. Mann

Book Overview

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,...

• Format: Paperback
• Language: English
• ISBN: 0881322644
• ISBN13: 9780881322644
• Release Date: September 1999
• Publisher: Peterson Institute for International Economic
• Length: 224 Pages
• Weight: 0.05 lbs.
• Dimensions: 0.4" x 5.9" x 9.0"

Customer Reviews

Interesting book!

EEUU trade deficit is on the news and it worry most economist because it might render a future financial crisis. In order to understand more about this issue, I read this short book which helped me to understand the several factors involve in the EEUU trade. At the present time, EEUU trade deficit is big, but narrow it, perhaps with the aid of a dollar depreciated against the euro. Interesting book!

Excellent Reading Material!

Being someone who is not an economist, but having interest in topics such as the Current Account deficit, the Balance of Trade, the Trade deficit, The Capital Account surplus, etc... I had always wanted an explanation about these relevant issues. So when I read this book, I was quite amazed at how lucid and clear the information is for people like me (Engineers who don't want to go back to college to get an Economics degree). I highly recommend it for those who always wanted as non-biased an answer as possible on what EXACTLY does our Trade Deficit mean to us and future American generations, without the bias others like Pat Buchanan (a protectionist), or the CATO institute (free traders all-the-way) would give.