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ArtikelBalancing The Federal Budget and U. S. International Trade Deficits  
Oleh: Akhtar, Michael A.
Jenis: Article from Bulletin/Magazine
Dalam koleksi: BUSINESS ECONOMICS vol. 32 no. 4 (1997), page 24-28.
Topik: budget; balancing; federal budget; international trade deficits
Ketersediaan
  • Perpustakaan Pusat (Semanggi)
    • Nomor Panggil: BB20.3
    • Non-tandon: 1 (dapat dipinjam: 0)
    • Tandon: tidak ada
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Isi artikelEliminating the federal budget deficit, even assuming a correspondingly higher national saving rate, is likely to yield only a modest reduction in the U. S. international trade deficit. Balancing the federal budget will help improve the trade balance through the effects of lower levels of aggregate demand. But it will almost certainly not cause a large switch of U. S. and foreign demand from goods produced in the united states. Such a shift of demand toward U. S. goods seems necessary to close the trade gap over the medium term and will be difficult to accomplish in the face of the trade gap over the medium term and will be difficult to accomplish in the face of the trade competition between the united states and low - wage, export - oriented economies, and high international capital mobility.
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