Buy custom Analysis Of The Us-China Trade
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Business
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| Number of pages / Number of words: |
6 / 1547 |
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As a result, American consumers are able to spend more and save less.
The Effects of the Unbalanced Trade
The vast majority (about three fourths) of our trade deficit in manufactured goods is caused by imbalanced trade flows with Asia, as shown in Figure 2. The deficits with Asia are large and rapidly growing, despite very high rates of growth in the region until 1997...
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The deficits with Asia are large and rapidly growing, despite very high rates of growth in the region until 1997. Europe and NAFTA were each responsible for about 13% of the deficit in 1998. The U.S. ran a small surplus with the other countries in the Western Hemisphere, and with the rest of the world, in this period...
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