Description: Please refer to the section BELOW (and NOT ABOVE) this line for the product details - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Title:Saving And Investment In A Global EconomyISBN13:9780815710431ISBN10:0815710437Author:Bosworth, Barry P. (Author)Description:The Emergence Of Large Trade Imbalances Among The Industrial Countries During The 1980S-Particularly The Massive Deficit Of The United States And The Surpluses Of Germany And Japan-Has Led To Growing Disenchantment With The International Economic System But While Many Critics Point To Unfair Trade Practices As The Cause Of These Imbalances, Others Contend That This Emphasis Is Misplaced In This Provocative Book By One Of The Nation's Leading Economists, Barry Bosworth Argues That Disparities Are Not The Result Of External Infraction, But Rather A Reflection Of Domestic Failures He Shows That The United States, For Example, With Its Large Government Budget Deficit And Low Rate Of Private Saving, Must Borrow Abroad To Finance Its Investments Similarly, Trade Surpluses Of Countries Such As Japan Reflect A Surplus Of National Saving Over Domestic Investment, Rather Than Restrictive Trade Practices Bosworth Explains That Large Trade Imbalances Became Possible In The 1980S Because Of The Development Of An International Capital Market That Greatly Reduced The Barriers To Borrowing And Lending Across National Borders The Result Is An International System In Which National Economies Are Closely Linked Through International Capital Markets As Well As Trade In Goods And Services Using Data From The Major Industrial Countries, Bosworth Highlights The Process By Which Changes In Domestic Rates Of Saving And Investment Lead To Changes In Interest Rates, Exchange Rates, And Trade Balances He First Examines Why National Saving And Investment Have Fallen Throughout The Industrialized World He Then Focuses On How Exchange Rates Respond To Trade Imbalances, And Considers Whether The Wide Fluctuations In Exchange Rates Are A Cause For Concern Or Simply An Integral Part Of The International Adjustment To The Divergent Patterns Of National Saving And Investment Binding:Paperback, PaperbackPublisher:BROOKINGS INSTPublication Date:1993-04-01Weight:0.56 lbsDimensions:0.58'' H x 9.03'' L x 6.04'' WNumber of Pages:203Language:English
Price: 32.12 USD
Location: USA
End Time: 2024-10-03T12:11:56.000Z
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Item must be returned within: 30 Days
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Number of Pages: 203 Pages
Publication Name: Saving and Investment in a Global Economy
Language: English
Publisher: Brookings Institution Press
Subject: Personal Finance / Money Management, International Relations / Trade & Tariffs, International / Marketing, International Relations / Diplomacy
Item Height: 0.6 in
Publication Year: 1993
Type: Textbook
Item Weight: 16 Oz
Subject Area: Political Science, Business & Economics
Item Length: 1 in
Author: Barry P. Bosworth
Item Width: 1 in
Format: Trade Paperback
