This study documents evidence of a decline trend in the international competitiveness of US industry. The analysis identifies three groups of countries that account for most of the US trade deficit in the 1980s: the surplus countries, Germany and Japan; the East Asian NICs; and the Latin American debtors. In each case the author points to underlying structural problems contributing to the deficit. They call for quite different US policy responses, including microeconomic and industrial policies, incentives to revive productivity, growth and technological innovation, import surcharges, wage...

This study documents evidence of a decline trend in the international competitiveness of US industry. The analysis identifies three groups of countries that account for most of the US trade deficit in the 1980s: the surplus countries, Germany and Japan; the East Asian NICs; and the Latin American debtors. In each case the author points to underlying structural problems contributing to the deficit. They call for quite different US policy responses, including microeconomic and industrial policies, incentives to revive productivity, growth and technological innovation, import surcharges, wage...

This text critically examines the conventional wisdom of economists on trade issues in the 1990s. It covers recent perspectives: on international economy; current issues in American trade policy; global trade imbalances and international monetary reform; and development policy.

This text critically examines the conventional wisdom of economists on trade issues in the 1990s. It covers recent perspectives: on international economy; current issues in American trade policy; global trade imbalances and international monetary reform; and development policy.