| Description |
viii, 166 pages : illustrations ; 23 cm |
| Contents |
Ch. 1. Introduction and Principal Conclusions -- Ch. 2. The New Two Corners Financial System -- Ch. 3. The Causes of the Deficit -- Ch. 4. Productive Investment or Immediate Consumption? -- Ch. 5. The Deficit and the U.S. National Interest: A Net Assessment -- Ch. 6. Alternative Landing Scenarios -- Ch. 7. The Short- and Medium-Term Policy Response -- Ch. 8. Twilight of the Dollar and Beyond: A Longer-Term Perspective |
| Summary |
"The U.S. trade deficit set a record of $271 billion in 1999 and will probably be even higher this year. The Clinton Administration calls the deficit "unsustainable," but what happens when the point of unsustainability is reached and what should the United States do now to avoid a disruptive downward adjustment?" |
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"Dr. Preeg answers these questions with a clear presentation of the relationship between U.S. trade and financial interests. He argues that the chronic trade deficit and the related buildup of foreign debt can have substantial adverse consequences for the United States, and that early actions are needed to increase the U.S. savings rate and to curtail mercantilist exchange rate polices by some trading partners. Many observers believe we do not need to worry about the trade deficit in this era of high growth and full employment. The Trade Deficit, the Dollar, and the U.S. National Interest is essential reading for anyone interested in a more concerned assessment of the prospects for America's economic future and geopolitical position."--BOOK JACKET |
| Bibliography |
Includes bibliographical references and index |
| Subject |
Balance of payments -- United States.
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Balance of trade -- United States.
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Debts, External -- United States.
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Dollar, American.
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International finance.
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| SUBJECT |
United States -- Economic policy -- 1993-2001.
http://id.loc.gov/authorities/subjects/sh92006370
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| LC no. |
00710575 |
| ISBN |
1558130446 |
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