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portada beyond the twin deficits: a trade strategy for the 1990s
Type
Physical Book
Author
Publisher
Year
1992
Language
English
Pages
224
Format
Hardcover
Dimensions
22.9 x 15.2 x 1.3 cm
Weight
0.43 kg.
ISBN
1563240904
ISBN13
9781563240904
Categories

beyond the twin deficits: a trade strategy for the 1990s

Robert A. Blecker (Author) · Routledge · Hardcover

beyond the twin deficits: a trade strategy for the 1990s - Blecker, Robert A.

New Book Imported to South Africa
Delivery: 13 Jul - 05 Aug Shipping: 5 to 6 business days.
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R 3,696

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Synopsis "beyond the twin deficits: a trade strategy for the 1990s"

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.

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