Balanced Trade

Author : Jesse Richman
Publisher : Lexington Books
ISBN 13 : 073918881X
Total Pages : 145 pages
Book Rating : 4.11/5 ( download)

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Download or read book Balanced Trade written by Jesse Richman and published by Lexington Books. This book was released on 2014-04-24 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: How should a principled nation which believes in the benefits of mutually beneficial trade respond to the predations of mercantilist trading partners and imbalanced trade? Many argue that the response should be to do little or nothing. Balanced Trade argues that achieving the full benefits of international trade requires an effective response. Although trade deficits provide short-term gains in consumption, these are combined with long-term losses in consumption, innovation, investment, employment and power. Furthermore, market mechanisms do not correct trade imbalances that result from mercantilism, nor do they compensate for the long term shift in production and consumption towards the mercantilist. Balancing trade can make important short run and long run contributions to economic stability and prosperity. In America today, despite the growing evidence that imbalanced free trade is not working, many American economists remain adamant in their promotion of free trade. They are also quick to label actions taken to balance trade as protectionism. The political system has also failed to effectively address the problem of imbalanced trade, and the Federal Reserve has often exacerbated rather than addressed the challenge. We show that the classical economic arguments against mercantilism do not justify doing nothing. Effectively responding to imbalanced trade and mercantilism requires careful selection of strategy in order to achieve multiple objectives: balancing trade while maintaining the benefits of international trade, avoiding unnecessary inefficiencies, and maintaining compliance with international law. One of the best options is the Scaled Tariff. By targeting countries with which the United States has a large current account deficit, the Scaled Tariff would efficiently, legally, and effectively balance trade. It would be applied to all imported goods from trade surplus countries that have had a sizable trade surplus with the United States over the most recent four economic quarters.The tariff rate would be designed to take in a portion (e.g. 50%) of the bilateral trade deficit (goods plus services) as revenue. No particular product is protected; the scaled tariff simply changes the terms of trade between the two countries, much as currency devaluation would change the terms of trade with all countries.

Author : Jesse T. Richman
Publisher :
ISBN 13 :
Total Pages : 145 pages
Book Rating : 4.91/5 ( download)

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Download or read book Balanced Trade written by Jesse T. Richman and published by . This book was released on 2014 with total page 145 pages. Available in PDF, EPUB and Kindle. Book excerpt: Classical economics assumed that trade always balanced, but often trade is not balanced. For example, some neo-mercantilist trading partners attempt to distort the terms of trade in order to garner economic and political advantages. Balanced Trade examines the economic and political consequences of imbalanced trade, and provides a set of policy prescriptions that countries might adopt to balance trade.

Author : Matthew C. Klein
Publisher : Yale University Press
ISBN 13 : 0300244177
Total Pages : 292 pages
Book Rating : 4.75/5 ( download)

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Download or read book Trade Wars are Class Wars written by Matthew C. Klein and published by Yale University Press. This book was released on 2020-01-01 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This is a very important book."--Martin Wolf, Financial TimesA provocative look at how today's trade conflicts are caused by governments promoting the interests of elites at the expense of workers Longlisted for the 2020 Financial Times & McKinsey Business Book of the Year Award "Worth reading for [the authors'] insights into the history of trade and finance."--George Melloan, Wall Street Journal Trade disputes are usually understood as conflicts between countries with competing national interests, but as Matthew C. Klein and Michael Pettis show, they are often the unexpected result of domestic political choices to serve the interests of the rich at the expense of workers and ordinary retirees. Klein and Pettis trace the origins of today's trade wars to decisions made by politicians and business leaders in China, Europe, and the United States over the past thirty years. Across the world, the rich have prospered while workers can no longer afford to buy what they produce, have lost their jobs, or have been forced into higher levels of debt. In this thought-provoking challenge to mainstream views, the authors provide a cohesive narrative that shows how the class wars of rising inequality are a threat to the global economy and international peace--and what we can do about it.

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1557755701
Total Pages : 159 pages
Book Rating : 4.04/5 ( download)

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Download or read book Balance of Payments Textbook written by International Monetary Fund and published by International Monetary Fund. This book was released on 1996-04-15 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Balance of Payments Textbook, like the Balance of Payments Compilation Guide, is a companion document to the fifth edition of the Balance of Payments Manual. The Textbook provides illustrative examples and applications of concepts, definitions, classifications, and conventions contained in the Manual and affords compilers with opportunities for enhancing their understanding of the relevant parts of the Manual. The Textbook is one of the main reference materials for training courses in balance of payments methodology.

Author : Fouad Sabry
Publisher : One Billion Knowledgeable
ISBN 13 :
Total Pages : 405 pages
Book Rating : 4.19/5 ( download)

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Download or read book Trade Balance written by Fouad Sabry and published by One Billion Knowledgeable. This book was released on 2024-01-16 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: What is Trade Balance Balance of trade can be measured in terms of commercial balance, or net exports. Balance of trade is the difference between the monetary value of a nation's exports and imports over a certain time period. Sometimes a distinction is made between a balance of trade for goods versus one for services. The balance of trade measures a flow variable of exports and imports over a given period of time. The notion of the balance of trade does not mean that exports and imports are "in balance" with each other. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Balance of trade Chapter 2: Invisible balance Chapter 3: Keynesian economics Chapter 4: Mercantilism Chapter 5: Tariff Chapter 6: Joseph Stiglitz Chapter 7: Protectionism Chapter 8: Global financial system Chapter 9: Balance of payments Chapter 10: Current account (balance of payments) Chapter 11: Bretton Woods system Chapter 12: Export-oriented industrialization Chapter 13: Marshall-Lerner condition Chapter 14: J curve Chapter 15: Triffin dilemma Chapter 16: Economic relations of Japan Chapter 17: Trade policy of Japan Chapter 18: Bancor Chapter 19: Foreign trade of the United States Chapter 20: United States balance of trade Chapter 21: Sectoral balances (II) Answering the public top questions about trade balance. (III) Real world examples for the usage of trade balance in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of trade balance.

Author :
Publisher :
ISBN 13 :
Total Pages : 588 pages
Book Rating : 4.70/5 ( download)

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Download or read book U.S. International Trade in Goods and Services written by and published by . This book was released on with total page 588 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Arthur E. Palumbo
Publisher : Algora Publishing
ISBN 13 : 0875867065
Total Pages : 268 pages
Book Rating : 4.69/5 ( download)

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Download or read book The Authentic Constitution written by Arthur E. Palumbo and published by Algora Publishing. This book was released on 2009 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: We've strayed far from the original intent of the Framers of the Constitution and founders of the American republic. Art Palumbo discusses the origin and purpose of America's great foundational document in conjunction with the Declaration of Independence and explores the founding principles of the American republic. He details and clarifies the US Constitution's provisions for the proper powers of Congress, monetary policy and taxation, the government's role in regulating commerce, in war, and in foreign policy, the right to bear arms, immigration and other hot-button issues in a way that cuts through misconceptions that leave many US citizens confounded. The book strictly supports "originalism," which is the idea that the Constitution should be understood in accordance with the meanings advanced by those who wrote and ratified it. However, it also takes account of how far we have gone off course and recognizes that the changes required to get us back on track again cannot be made all at once

Author : Kenneth W. Clements
Publisher : Dissertations-G
ISBN 13 :
Total Pages : 144 pages
Book Rating : 4.89/5 ( download)

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Download or read book The Trade Balance in Monetary General Equilibrium written by Kenneth W. Clements and published by Dissertations-G. This book was released on 1984 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Fred P. Hochberg
Publisher : Avid Reader Press / Simon & Schuster
ISBN 13 : 1982127376
Total Pages : 336 pages
Book Rating : 4.74/5 ( download)

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Download or read book Trade Is Not a Four-Letter Word written by Fred P. Hochberg and published by Avid Reader Press / Simon & Schuster. This book was released on 2021-01-26 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: “A sprightly and clear-eyed testimonial to the value of globalization” (The Wall Street Journal) as seen through six surprising everyday goods—the taco salad, the Honda Odyssey, the banana, the iPhone, the college degree, and the blockbuster HBO series Game of Thrones. Trade allows us to sell what we produce at home and purchase what we don’t. It lowers prices and gives us greater variety and innovation. Yet understanding our place in the global trade network is rarely simple. Trade has become an easy excuse for struggling economies, a scapegoat for our failures to adapt to a changing world, and—for many Americans on both the right and the left—nothing short of a four-letter word. But as Fred P. Hochberg reminds us, trade is easier to understand than we commonly think. In Trade Is Not a Four-Letter Word, you’ll learn how NAFTA became a populist punching bag on both sides of the aisle. You’ll learn how Americans can avoid the grim specter of the $10 banana. And you’ll finally discover the truth about whether or not, as President Trump has famously tweeted, “trade wars are good and easy to win.” (Spoiler alert—they aren’t.) Hochberg debunks common trade myths by pulling back the curtain on six everyday products, each with a surprising story to tell: the taco salad, the Honda Odyssey, the banana, the iPhone, the college degree, and the smash hit HBO series Game of Thrones. Behind these six examples are stories that help explain not only how trade has shaped our lives so far but also how we can use trade to build a better future for our own families, for America, and for the world. Trade Is Not a Four-Letter Word is the antidote to today’s acronym-laden trade jargon pitched to voters with simple promises that rarely play out so one-dimensionally. Packed with colorful examples and highly digestible explanations, Trade Is Not a Four-Letter Word is “an accessible, necessary book that will increase our understanding of trade and economic policies and the ways in which they impact our daily lives” (Library Journal, starred review).

Author : Anne O. Krueger
Publisher : Oxford University Press
ISBN 13 : 0190900482
Total Pages : 345 pages
Book Rating : 4.89/5 ( download)

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Download or read book International Trade written by Anne O. Krueger and published by Oxford University Press. This book was released on 2020-09-07 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: International trade and trade policy have become increasingly important and complex in recent years. In this comprehensive introduction to the key aspects of international trade policy, noted authority Anne O. Krueger explains what has happened and why these issues are so difficult. With evidence-based analysis and an even-handed approach, International Trade: What Everyone Needs to Know lays the foundation to understand what trade does and does not do. Focusing on the importance of trade in both goods and services, Krueger explores the effects of various trade policies step-by-step and demonstrates why economists generally support free trade. Krueger considers the historical experience, highlighting how technological changes and reduction of trade barriers helped transform the world economy. Tariffs, antidumping and countervailing duties, government procurement policies, preferential trading arrangements, trade with developing countries and emerging markets, and the World Trade Organization are examined. Krueger tackles the fundamental questions surrounding trade including: What are the benefits and costs? What are trade deficits and do they matter? Why do some people favor protectionism and barriers to trade? How does trade policy affect workers? Written in question-and-answer format, this non-technical introduction to the policies of international trade provides an indispensable guide to one of the most crucial elements of the global economy.