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US trade policy in an unbalanced world economy

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Intereconomics

Abstract

Both the national as well as the international debate on US trade policy are overshadowed, and strongly influenced, by the large external inbalances of major trading nations. What do these disequilibria mean for US trade policy? Moreover, is the USA losing comparative advantage in agriculture and high-technology manufacturing? Do industrial policies in other countries distort American trade?

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References

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  19. For details cf. U.S. Department of Commerce: U.S. high technology trade and competitiveness, Washington, D.C., February 1985.

  20. Ibid., For details cf. U.S. Department of Commerce: U.S. high technology trade and competitiveness, Washington, D.C., February 1985. p. 5.

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  23. As Figure 1 shows, since 1979 the US share has risen again. But this largely reflects a mere arithmetic effect of the revaluation of the dollar. Cf. U.S. Department of Commerce, op. cit., U.S. high technology trade and competitiveness, Washington, D.C., February 1985. p. 9.

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  30. Cf. P. Krugman: The U.S. response to foreign industrial targeting, in: Brookings Papers on Economic Activity, 1/1984, p. 115.

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Koopmann, G. US trade policy in an unbalanced world economy. Intereconomics 21, 300–308 (1986). https://doi.org/10.1007/BF02925177

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