Trade Myths: Globalization has left trade balances behind
| Author | : | |
| Rating | : | 4.54 (592 Votes) |
| Asin | : | B00NJ2BYGA |
| Format Type | : | |
| Number of Pages | : | 564 Pages |
| Publish Date | : | 2016-01-25 |
| Language | : | English |
DESCRIPTION:
"A nice summary of current international economics and finance" according to Patrick Wunderlich. Each day we are bombarded with the latest trade deficit statistics while political and economic analysts on TV predict economic ruin and collapse. However, do we--or the people reporting the information--even understand what it means? Mostly likely the answer is no. For example, do most people reading or reporting about international trade realize that the system devised to measure a trade deficit or surpl
Working closely with America’s Bureau of Economic Analysis, this book transports trade balance accounting into the 21st century by introducing “global” trade balances. “trade balances are a purely national matter”; 4. A glance at recent news emanating from China illustrates this insidious development.". “foreigners finance America”. Such anachronistic “national” trade balances lead to protectionism, while “global” trade balances lead to ever-more open trade borders. ”imports kill jobs”; 2. Thirdly, this book provides ammunition against “host country protectionism”: irked by protectionist trade rhetoric, host countries increasingly are injuring foreign multinationals operating in their country. The result has been two senseless world wars. These commonly-held concepts of trade balances are based on 15th-century accounting techniques, which vote-hungry, sophistic politicians have latched on to. Secondly, this book is designed to contribute to anti-protectionist rhetoric: global t