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

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.

General

Imprint:	Bibliogov
Country of origin:	United States
Release date:	2013
First published:	2013
Authors:	Marc Labonte
Dimensions:	246 x 189 x 1mm (L x W x T)
Format:	Paperback - Trade
Pages:	22
ISBN-13:	978-1-288-66906-6
Categories:	Books > Social sciences > Politics & government > General
LSN:	1-288-66906-2
Barcode:	9781288669066

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