Shifts in U.S. Trade Balance and Industrialization
Wen, Yi; Reinbold, Brian (2020-07-21)
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.
On the Economy

Early U.S. Trade Deficits and Industrialization
Wen, Yi; Reinbold, Brian (2020-07-20)
Trade deficits during the country’s first phase of industrialization did not inhibit U.S. development and may have facilitated industrialization.
On the Economy