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Crs Report for Congress

Engels | Paperback | 9781294247180 | 22 pagina's

Dick K Nanto, Thomas Lum - 9781294247180

 

Engels | Paperback | 9781294247180 | 22 pagina's

In 2003 the United States incurred a merchandise trade deficit of $535.7 billion on a Census basis and $549.4 billion on a balance-of-payments basis (BoP). A surplus in services trade of $60 billion gave a deficit of $489.3 billion on goods and services (BoP) for the year, 17% higher than 2002. Year-to-date (January-September 2004), the trade deficit in goods and services, at $444.5 billion, is 19.8% higher compared to the same period in 2003. Since 1976, the United States has incurred continual merchandise trade deficits. They increased dramatically from $36.5 billion in 1982 to a peak in 1987 at $159.6 billion. The deficit dropped to $74.1 billion in 1991 but rose to $436.1 billion in 2000 and to $535.7 billion in 2003. (Census basis). Overall U.S. trade deficits reflect a shortage of savings in the domestic economy and a reliance on capital imports to finance that shortfall. Capital inflows support a stronger dollar which, along with foreign trade barriers, can help make U.S. products relatively expensive in some overseas locations, thereby contributing to a trade deficit in goods. Outsourcing by U.S. companies also creates foreign competition for U.S.-made goods and services, although it tends to generate foreign demand for U.S.-made ...

 

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Crs Report for Congress Engels | Paperback | 9781294247180 | 22 pagina's
TaalEngels
BindwijzePaperback
Verschijningsdatumnovember 2013
Aantal pagina's22 pagina's
IllustratiesMet illustraties
Auteur(s)Dick K Nanto | Thomas Lum
UitgeverBibliogov
Extra groot lettertypeNee
Gewicht59 g
Verpakking breedte189 mm
Verpakking hoogte1 mm
Verpakking lengte246 mm



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