U.S. Trade Deficit : Causes, Consequences and Cures

Author / Creator

Library of Congress. Congressional Research Service

Available as

Online

Summary

Examines causes and consequences of the U.S. trade deficit. Discusses trade performance in 2002, including goods and services trade and investment income; reasons for a widening trade deficit, incl...

Examines causes and consequences of the U.S. trade deficit. Discusses trade performance in 2002, including goods and services trade and investment income; reasons for a widening trade deficit, including a savings-investment imbalance; and sustainability of the trade deficit. Outlines various effects of the trade deficit, and summarizes potential trade and macroeconomic policy responses.

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