Description

Book Synopsis
The U.S. trade deficit is shrinking primarily because the global financial crisis is causing U.S. exports to drop faster than U.S. imports. In today''s severe global economic downturn, concerns are being raised that countries may try to improve their own trade positions in order to help domestic industries at the expense of others by imposing measures that artificially increase their exports or restrict imports. Such efforts are considered by some to be a form of "protectionism". This book develops three scenarios to approximate different dimensions of the relationship between the global economic downturn and protectionism, as well as reviewing why the U.S. trade deficit is shrinking so severely.

U.S. Trade, Protectionism & the Global Economic

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    A Hardback by Andrew J Caldwell

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      Publisher: Nova Science Publishers Inc
      Publication Date: Publication Date: 01/07/2010
      ISBN13: 9781608769667, 978-1608769667
      ISBN10: 1608769666
      Also in:
      Economics

      Description

      Book Synopsis
      The U.S. trade deficit is shrinking primarily because the global financial crisis is causing U.S. exports to drop faster than U.S. imports. In today''s severe global economic downturn, concerns are being raised that countries may try to improve their own trade positions in order to help domestic industries at the expense of others by imposing measures that artificially increase their exports or restrict imports. Such efforts are considered by some to be a form of "protectionism". This book develops three scenarios to approximate different dimensions of the relationship between the global economic downturn and protectionism, as well as reviewing why the U.S. trade deficit is shrinking so severely.

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