This collection addresses the many issues in international
finance and trade facing North American governments and industries.
In his introduction, the editor challenges prevailing theories
which maintain that the dollar's fall will alleviate America's
balance of trade deficit. He also argues that the correlation
between the value of the dollar and U.S. trade deficit with many
countries is statistically insignificant and at any rate much
weaker than existing theories maintain. Divided into eight parts
analyzing the principal problems in international trade that will
be faced in the 1990s, the work includes articles on currency
markets and fluctuations; the international debt crisis; external
borrowing; multi-national corporations; foreign direct investment
in North America; and the North American Common Market.
General
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