US Trade Deficits
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Code : ITF0007
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Region : :USA |
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Abstract: By December 2003, the trade deficits of the US reached a record high of $490.8 billion, having major deficits with other countries – China, Japan and Canada. The growing deficit has been a concern for American trade and commerce. The growing trade deficit has often been cited as proof of the unfair trade practices abroad or a lack of competitiveness among US industries. Economists view trade deficits as just a macroeconomic reality of investments flowing from abroad. However, the growing deficit has often been a point of discussion because of its cascading effect on the economy. |
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Pedagogical Objectives:
Keywords : CUS trade deficits, Macroeconomics, US trade with China and Japan, US economy, Renmini peg to the dollar, Yen vs dollar, Yuan vs dollar, Productivity of Chinese labour, The Big Mac index, Monetary Policy Case Study, Current account deficit, Tariff barriers, US gross domestic product, Balance of payments, US imports and exports, Exchange rate
Contents :
» THE US TRADE WITH CHINA
» THE US TRADE WITH JAPAN
» TRADE DEFICITS – GOOD OR BAD?
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