A Strategy for Balanced Trade and Economic Revitalization

Publication Date:

Publisher: Center for Economic and Policy Research

Author(s): Eileen Appelbaum; Dean Baker

Research Area: Economics

Keywords: Trade deficit; Devaluation (dollar); Energy consumption

Type: Report

Coverage: United States

Abstract:

This paper describes the problems that the economy faces as a result of sustaining a large trade deficit for a long period of time. It describes measures that will be needed to bring the trade deficit down to a sustainable level and to also get the economy back on a healthy growth path.