Shifts in U.S. Trade Balance and Industrialization

Abstract: As the U.S. has industrialized, changes in comparative advantage relative to those of other nations have led to periods of persistent trade surpluses and deficits.

Keywords: trade deficit; trade surplus; trade balance; industrialization; industrial revolution;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2020-07-21