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Are Trade Deficits That Bad ?
Oleh:
Lippens, Robert E.
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
BUSINESS ECONOMICS vol. 32 no. 2 (1997)
,
page 14-19.
Topik:
DEFICIT
;
trade deficits
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
BB20.3
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
This article evaluates an assortment of economic thought concerning the value of a trade deficit. In a micro, or perhaps sectoral sense, some trade practices that could cause trade deficits are bad. History had judged other societal trade practives as adverse to trading partners at best and inimical to civilization at worst. The paper then introduces a framework for evaluating claims of bad and good trade deficits, those that emanate from voluntary financial transfers, in the macro environment. It also offers a fresh disaggregation of the national income and product accounts, a middle ground to the debate. The concluding section discusses the burden of a trade account deficit.
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