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portada Is the U.S. Trade Deficit Caused by a Global Saving Glut
Type
Physical Book
Publisher
Language
English
Pages
22
Format
Paperback
Dimensions
24.6 x 18.9 x 0.1 cm
Weight
0.06 kg.
ISBN13
9781288669066

Is the U.S. Trade Deficit Caused by a Global Saving Glut

Marc LaBonte (Author) · Bibliogov · Paperback

Is the U.S. Trade Deficit Caused by a Global Saving Glut - LaBonte, Marc

New Book Imported to South Africa
Delivery: 30 Jul - 27 Aug Shipping: 17 to 21 business days.
R 370
R 370

Synopsis "Is the U.S. Trade Deficit Caused by a Global Saving Glut"

The U.S. trade deficit is equal to net foreign capital inflows. Because U.S. investment rates exceed U.S. saving rates, the gap must be financed by foreign borrowing. Net capital inflows have grown over recent years to a record 6.6% of gross domestic product (GDP) in 2006. Economists have long argued that the low U.S. saving rate, which is much lower than most foreign countries, is the underlying cause of the trade deficit and that policies aimed at reducing the trade deficit should focus on boosting national saving. The most straightforward policy would be to reduce the budget deficit, which directly increases national saving.

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