Beyond The Twin Deficits A Trade Strategy For The 1990 S

Author: Robert A. Blecker
Publisher: Routledge
ISBN: 1315288311
Size: 14.81 MB
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This study documents evidence of a decline trend in the international competitiveness of US industry. The analysis identifies three groups of countries that account for most of the US trade deficit in the 1980s: the surplus countries, Germany and Japan; the East Asian NICs; and the Latin American debtors. In each case the author points to underlying structural problems contributing to the deficit. They call for quite different US policy responses, including microeconomic and industrial policies, incentives to revive productivity, growth and technological innovation, import surcharges, wage increases in the NICs, currency realignments, US capital exports, and debt relief. A pragmatic policy approach, with efforts to open foreign markets, aims to achieve the greatest possible reduction in the trade deficit with the lowest possible cost from macroeconomic adjustments. The author urges the reversal of two adverse trends in his policy strategy: the decline in public sector investment and the decreasing progressivity of the tax code.

U S Trade Policy And Global Growth

Author: Robert A. Blecker
Publisher: M.E. Sharpe
ISBN: 9781563245305
Size: 56.75 MB
Format: PDF
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This collection takes a critical look at the conventional wisdom of economists on trade issues in the 1990s. Comprehensive in scope, the book covers new perspectives on international economy; current issues in American trade policy; global trade imbalances and international monetary reform; and development policy. It will be the most up-to-date, non-technical reader on international trade and finance since 1986. --the only reader containing articles by respected economists with dissenting views on international trade and finance. Explains why free-trade policies and flexible exchange rates are not cure-alls for economic problems --includes essays by Robert Kuttner, Paul Davidson, Lance Taylor, David P. Levine, Stephen C. Smith, Thea M. Lee, Robert E. Scott, Dale Belman, and the editor --contains up-to-date discussions of current issues such as how trade is affecting American wages; the real costs and benefits of protection; what kind of exchange-rate policy we should follow; whether free-trade agreements like NAFTA will benefit most Americans; and the type of trade policy that really works in developing countries --includes provocative essays on whether and how international trade should be managed on an industry-by-industry basis and how international competition can cause losses as well as gains for national economies.

U S Trade Policy

Author: William Anthony Lovett
Publisher: M.E. Sharpe
ISBN: 9780765603241
Size: 50.57 MB
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A critical review of recent U.S. trade policies that have failed to enforce sufficient reciprocity and overall trade balance, with suggestions for policies that foster a more balanced and realistic pattern of world trade growth.

Us Trade Deficit

Author: United States. Congress. House. Committee on International Relations. Subcommittee on International Economic Policy and Trade
Publisher:
ISBN:
Size: 68.54 MB
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Regional Trading Blocs In The World Economic System

Author: Jeffrey A. Frankel
Publisher: Peterson Institute
ISBN: 9780881322026
Size: 41.98 MB
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he rapid growth of regional trading relationships in Europe, Asia, and Latin America has raised policy concerns about their impact on excluded countries and on the global trading system. Some observers worrythat the multilateral system may be fracturing into discriminatory regional blocs. Others are hopeful that regional agreements will go beyond what was achieved in the Uruguay Round and instead become building blocks for further global liberalization and WTO rules in new areas.Jeffrey Frankel shows through extensive empirical analysis that the new breed of preferential trade arrangements are indeed concentrating trade regionally. He then assesses whether regionalblocs are "natural" or "supernatural"b enhance or reduce global welfare. He concludes that a complete liberalization within blocs, with no reduction in barriers between blocs, would push the trading system into the supernatural zone of an excessive degree of regionalization. More balanced patterns of liberalization, however, give favorable trading arrangements that are already in effect, and the broader continent-sized groupings that are under discussion (the Americas, Europe, and the Asia Pacific).

Challenge

Author:
Publisher:
ISBN:
Size: 49.67 MB
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Contemporary Post Keynesian Analysis

Author: L. Randall Wray
Publisher: Edward Elgar Publishing
ISBN:
Size: 35.65 MB
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'. . . this book usefully presents topical issues in the field of post Keynesian economics. . . this collection deserves praise for exposing readers to the tradition of economic thought built on the work of Keynes and the Cambridge tradition.' - Matthias Greiff, Review of Political Economy