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International Economics Commons

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Full-Text Articles in International Economics

Summary: Service Exports And The Us Trade Deficit, Joao F. Gomes Sep 2019

Summary: Service Exports And The Us Trade Deficit, Joao F. Gomes

Wharton PPI B-School for Public Policy Seminar Summaries

A trade deficit is defined by the amount by which a country’s imports exceeds the value of its exports. The US has consistently held a trade deficit since the 1970s; as of the end of 2016, the deficit had risen to $502 billion. This trade deficit has been a “political hot potato,” particularly with respect to China, on the assumption that a sustained deficit weakens the overall economy. But is that accurate? In this B-School for Public Policy Seminar Summary, Professor Gomes takes a closer look at the economics of boosting service exports as a means of rebalancing the ...


Trade Rout: As Trade Tensions Built Between U.S. And Canada, This American Border Town Felt The Freeze, Matt Cutler, Isaac Carey Dec 2018

Trade Rout: As Trade Tensions Built Between U.S. And Canada, This American Border Town Felt The Freeze, Matt Cutler, Isaac Carey

Capstones

A close business relationship with Canada has allowed Plattsburgh to thrive as a manufacturing town. Over 100 Quebec-based companies operate there, and 15 percent of the workforce in the county gets its paycheck from a Canadian company. Even more impressive, this comes at a time when manufacturing jobs are declining nationwide. While factories are shutting down across the rust belt, in Plattsburgh they are opening up.

There is just one problem.

All of this was made possible by the North American Free Trade Agreement, or NAFTA. And just this April, the Trump administration abruptly threatened to pull out of the ...