The United States Trade Deficit of the 1980s: Origins, Meanings, and Policy Responses

The United States Trade Deficit of the 1980s: Origins, Meanings, and Policy Responses

by Chris C. Carvounis
     
 

Carvounis has written a splendid, brief explanation of the current U.S. trade deficit and its probable consequences. After providing a brief history of the deficit, he surveys and critiques the two leading explanations advanced by economic theory (monetarist and structuralist). . . . Carvounis finds the monetarist suggestions politically impractical and the

Overview

Carvounis has written a splendid, brief explanation of the current U.S. trade deficit and its probable consequences. After providing a brief history of the deficit, he surveys and critiques the two leading explanations advanced by economic theory (monetarist and structuralist). . . . Carvounis finds the monetarist suggestions politically impractical and the structuralist solution unworkable as well as politically improbable. . . . The writing is crisp and well documented. Choice

The United States Trade Deficit of the 1980s probes the causes and consequences, as well as possible responses to the trade imbalance. In a thorough examination of the origins of the trade imbalance, the study takes into account the magnitude of the problem, focusing on bilateral trade balances, sectoral balances, and future outlook. The causes and consequences of the deficit are explained through an exhaustive comparison between the monetarist and structuralist schools. In a comprehensive, nonideological approach, the book provides valuable critiques and conclusions with respect to both positions.

Product Details

ISBN-13:
9780899302195
Publisher:
Greenwood Publishing Group, Incorporated
Publication date:
07/31/1987
Pages:
197
Product dimensions:
5.51(w) x 8.66(h) x (d)

Meet the Author

CHRIS C. CARVOUNIS is Professor of Economics and Finance at the College of Business Administration, St. John's University.

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