Author:
Mann, Catherine L.
Imprint:Washington, DC : Institute for International Economics, 1999.
Descriptionxv, 191 p. : ill. ; 23 cm.
Bibliography Note:Includes bibliographical references (p. 175-179) and index.
Note:"The US trade deficit of recent years has once again become the focus of attention of the media, policy analysts, and researchers as high growth has led to strong capital inflows, which in turn have as their mirror image a sizeable deficit in the trade balance. And the trade deficit persisted after its "twin," the budget deficit, had gone away. This state of affairs is to be expected in the case of a high-growth emerging market country, which needs to attract real resources for growth. But the US--a mature, highly developed country acting like an emerging market economy? In this volume Mann (senior fellow, Institute for International Economics) examines these issues in a clear and sensible way. Individual chapters deal with the "twin deficits," shifting US comparative advantage in the global economy and growing interdependence, the impact of trade policy, and the sustainability of trade imbalances...." -- Choice review
