Sentences with phrase «of trade imbalances»

Since the late nineteenth century, however, except perhaps for a brief period before and after World War II, this is no longer the case, and we should not allow this hidden assumption to determine our explanations of trade imbalances.

Once we recognize that bilateral trade reflects the complexity of trade in the global economy, and not the sources of the trade imbalances (as I explain in Section 9), it becomes clear that Mexico is not a source of American trade imbalances, and is in fact far more likely to be providing relief.

As I discuss in Appendix 1, economists who try to explain the sources of trade imbalances by analyzing bilateral trade balances are almost always only confusing the discussion.

It is not an accident that the deepest set of trade imbalances, followed by worst crisis since the establishment of the Bretton Woods system, was the 2007 - 08 crisis.

By way of one of his executive orders from last week, Trump has called on the U.S. Department of Commerce to assemble a report on the root causes of the trade imbalance.

Additionally, Ethan Harris, chief US economist at Bank of America Merril Lynch, noted a BAT may not even decrease the size of the trade imbalance.

In a much - needed win for Trump, the two leaders agreed on a 100 - day assessment of the trade imbalance between the world's two largest economies.

The cost of living will increase, there will be more of a trade imbalance, the Federal government will be forced to become more socialistic and skilled foreigners will need to be brought in to work.

It exists because of the trade imbalance.

According to this view, the capital account imbalance is mainly the consequence of the trade imbalance.

Imported oil accounts for 42 percent of our trade imbalance.

But when the book came out it coincided with George Bush's trip to Japan and enormous interest in U.S. - Japanese relations because of the trade imbalance.

Not exact matches

He points to high levels of global debt, low liquidity in markets, political events affecting trade and structural imbalances in some emerging economies.

«Due to the large U.S. trade deficit, it was clear that ethanol could be one of those products used to reduce the imbalance,» the diplomat said.

Yes, it is true that America's trade imbalance with Mexico is at quite high right now in terms of dollars.

But most important, the top - line number is not really the best way to determine the severity of the U.S. - Mexico trade imbalance.

At the same time, however, these figures are lower than average U.S. - Mexico trade imbalances for most of the past decade.

It is the rare combination of a simultaneous impact of hugely restrictive fiscal policies, gravely damaged channels of financial intermediation and crippling trade imbalances in especially depressed segments of the world economy - the euro area - where there is an obvious need for a strong stimulation of domestic demand in countries of that region whose trade surpluses range from 2 percent to nearly 9 percent of gross domestic product (GDP).

The devaluation has caused turmoil in markets all over the world this past week due to fears of a global trade imbalance and currency wars.

WASHINGTON, April 21 - A multilateral framework like the Trans - Pacific Partnership pact works better in fixing trade imbalances than a bilateral deal, IMF Deputy Managing Director Mitsuhiro Furusawa said in an endorsement of Japan's calls for Washington to rejoin TPP.

In normal circumstances he believed in a balanced budget and maybe a bit of a surplus for bad times but what he believed was fatal to a nation was running deficit trade imbalances.

These inventions necessarily create an trade imbalance - we have the violins and you don't - which is transformed into profit for the owner of the technology.

Leaders of G20 nations have vowed to avoid such tactics, but massive trade imbalances undermine that co-operative spirit.

I've read somewhere that the nature of some of these trade imbalances is the way US companies account for these imports i.e. Apple iPhones are imported at the full RETAIL value as opposed to true manufacturing cost.

US Treasury Secretary Mnuchin complained about persistent trade surpluses and stated that «We urge the IMF to speak out more forcefully on the issue of external imbalances, including by providing clear policy recommendations for countries with large surpluses, in support of more balanced global growth.»

We had a bunch of countries with pegged currencies who were experiencing trade imbalances, foreign denominated debt crises, ultimately leading to economic slowdown, foreign currency turmoil, commodity turmoil and economic turmoil.

Donald J. Trump, who has made reversing America's trade imbalance a pillar of his campaign, often portrays himself as uniquely capable of wringing concessions out of China through hard - nosed business tactics he has honed over the years.

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 Wall Street Journal reported that ««China and the U.S. have quietly started negotiating to improve U.S. access to Chinese markets, after a week filled with harsh words from both sides over Washington's threat to use tariffs to address trade imbalances,» people with knowledge of the matter said.»

In addressing the trade imbalance with China, Mr. Trump addressed an issue that has been a focus of his speeches going back to 2011, when he considered running for president when President Obama was seeking re-election.

In early 1968, the financially strapped administration became so alarmed about the country's trade imbalance that Mr. Fowler proposed a detailed plan to Congress to curb foreign travel by imposing a tax on spending outside the Western Hemisphere at rates of 15 or 30 percent, exempting only the first $ 7 a day.

Because I have long argued that these reforms would at best reverse the process by which the imbalances were created (especially the elimination of the financial distress «tax») if the balance sheet approach to rebalancing were the appropriate model, and are implicit in the trade - off among three outcomes I list above, they are at least consistent with what I believe is the correct analysis.

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.

Posted by Andrew Jackson under balance of payments, global imbalances, international trade.

First, trade imbalances originate in other countries that resolve them directly by exporting excess savings to the United States, and indirectly by exporting excess production in the form of intermediate goods shipped to several countries in a value chain, which in turn run trade surpluses with the United States.

Spain could therefore either use the imported German capital to (a) increase domestic investment (which it did in the form of a real estate bubble)(b) binge on consumption and sharply reduce its savings as a function of GDP (which it also did)(c) accept higher unemployment (which it is now forced to do) which forces GDP to fall faster than consumption falls or (d) try to emulate Germany by passing off a trade imbalance at the expense of the rest of the world (which Europe as a whole is trying to do and which will go nowhere in the long run because only one country is even remotely capable of accepting such massive inflows, and it is increasingly unwilling to import the unemployment caused by German and Asian policies).

For most of this period, bilateral imbalances told us most of what we needed to know, and it was useful to assume that trade drove capital.

A s a result, one country's trade imbalances with another can easily be the consequence of capital flows created by distortions originating elsewhere.

Without fixing the saving problem, the Chinese share of America's multilateral trade imbalance would simply be redistributed to other countries — most likely to higher - cost producers.

Yes, Ma, and the collapse of transportation costs over the past 100 - 200 years has made it harder than ever to trace the source of imbalances by looking at final - goods trade flows.

Any policy that does not clearly result in a reversal of the deep debt, trade and capital imbalances of the past decade is a policy that can not be sustained.

Attempts to export its excess savings can only lead to one of three outcomes: A) global growth rises because Europe's savings are all directed at developing countries with significant infrastructure investment needs and insufficient capital, B) global growth drops sharply, global unemployment rises, and China's adjustment becomes all but impossible, C) international trade and capital flows collapse in a repeat of the 1930s, so that Europe is forced to resolve its savings imbalance either by a massive increase in unemployment or a wave of sovereign defaults.

Trade imbalances reflected mainly the relative costs of producing goods.

A country's trade balance consisted of the sum of all its various bilateral trade imbalances, and net flows of capital were primarily driven by trade finance.

The Wall Street Journal reported that Treasury Secretary Steve Mnuchin and his heavyweight team of U.S. officials handed China a lengthy list of demands on trade, ranging from immediately cutting a trade imbalance by $ 100 billion a year to halting all Chinese government support for advanced technologies.

Ambassador Wise noted, in his address, quite a number of factors — mostly misconceptions about Thailand — which had contributed to the trade imbalance.

Concerns over trade imbalances, alleged trade - rule violations, subsidization and state - owned enterprises, metastasizing industrial policies, discriminatory treatment of non-Chinese companies, and other forms of trade and investment protectionism have preoccupied Washington for a decade — ever since the United States limped out of a debilitating recession to find that China had supplanted it as the world's largest manufacturer and had set its sights on leapfrogging the United States, at all costs, to the technological fore.

Chapman expects it will develop into a prolonged recession caused largely by the bursting of the housing bubble and the weakness in the dollar attributable to the United States» large federal budget deficit and international trade imbalance.

But with the impact on Africa of China's downturn and a growing trade imbalance — China exported $ 102 billion to Africa last year but imported only $ 67 billion from the continent — skeptical voices are increasing.

If we don't fix the rules of origin, negotiations on the rest of the agreement will fail to meaningfully shift the trade imbalance.