Bilateral trade has always been a pretty suspect information source for anyone trying to understand
how trade imbalances are generated, but by now the bilateral trade information is so useless that we should ignore it completely.
Not exact matches
No analysis on
how systematic wage arbitrage allowed by
trade globalization between countries of very different income level within an exchange rate system allowing massive an persistent
trade imbalances led to a massive opening up of compensation scales in developed countries, as well as substantial under - employment.
The president made fixing the
trade imbalance with China a centerpiece of his presidential campaign, where he frequently used incendiary language to describe
how Beijing would «rape» the U.S. economically.
Now, in the present mess of economic policies put forth by most governments in our world, he explains
how the debt and
trade imbalances will eventually have to balance.
There is now broad consensus on
how these
imbalances - the huge gaps in
trade deficits and surpluses, and the associated gaps in national savings, consumption, and investment rates - helped caused the housing bubble and the Great Recession.