2 Ergebnisse.

An explanation of how the United States became a debtor nation. The text describes the changes in global capital requirements, the drop in US savings rate, and the policy measures that could be taken to raise it.

?Gordon and Lees deal with the trade deficit and the rapid rise of foreign direct investment in the US. These are interrelated problems and are inseparable from many other elements in the economy such as interest rates, exchange rates, price levels, and productivity. Much of the book is about the steel and automotive industries. As for steel, the present program of restricting imports puts a very costly burden on the consumer. The authors sugg...