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Untangling The Us Deficit. Evaluating Causes, Cures And Global Imbalances.

Untangling The Us Deficit. Evaluating Causes, Cures And Global Imbalances.

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  • ISBN:9781845429201
  • Editorial: Edward Elgar
  • Fecha de la edición:
  • Encuadernación:Tapa dura
  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:240
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From a situation of near zero in 1990, the US current account deficit seems likely to reach $870 billion or 6.5 per cent of GDP in 2006 and is forecast to increase even further. Untangling the US Deficit argues that while some experts consider this a sustainable level, others accept that correction must be made though they point out that halving the current deficit to around 3 per cent of GDP would place an intolerable burden on the US economy of over $2000 per head.

Contents: Foreword 1. The Essence of the Problem 2. The Trade Perspective 3. National Accounting Perspectives 4. The International Perspective 5. Nature of the Adjustment Mechanisms 6. The Sustainability of the Deficit 7. The Demand for US Assets 8. China and the United States 9. Conclusion References Index

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