Is The U.s. Trade Deficit Caused By A Global Saving Glut by Marc LabonteIs The U.s. Trade Deficit Caused By A Global Saving Glut by Marc Labonte

Is The U.s. Trade Deficit Caused By A Global Saving Glut

byMarc Labonte

Paperback | January 28, 2013

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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.
Title:Is The U.s. Trade Deficit Caused By A Global Saving GlutFormat:PaperbackDimensions:22 pages, 9.69 × 7.44 × 0.05 inPublished:January 28, 2013Publisher:BiblioGovLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:1288669062

ISBN - 13:9781288669066

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