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Journal Article
Will Tech Improvements for Trading Services Switch the U.S. into a Net Exporter?
Innovations gave the U.S. a trade advantage in goods many years ago. Can innovations do the same for trade in services for the U.S.?
A Growing Trade Deficit? Medical Goods Imports Plays a Role
Typically, the U.S. trade deficit narrows during a recession. However, the deficit actually widened by about 20% from January to June.
Technological Innovations and Global Trade of Services
Technological innovations may give the U.S. a significant advantage in the global trade of services, which could potentially help the U.S. close its trade deficit.
Shifts in U.S. Trade Balance and Industrialization
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.
Journal Article
Value-added data recast the U.S.-China trade deficit
Value-added trade data provide a needed complementary measure to conventional compilations to aid in the understanding of bilateral interdependence.
The Role of Innovations in Global Trade: The Shipping Container
A simple trade innovation—the use of shipping containers—may have contributed to the rapid expansion of global trade over the past 50 years.
Early U.S. Trade Deficits and Industrialization
Trade deficits during the country’s first phase of industrialization did not inhibit U.S. development and may have facilitated industrialization.
Trade and Gold Reserves after the Demise of the Classical Gold Standard
After the early 1920s, the relationship between gold reserves and trade flows was tenuous at best as the international payments system experienced heightened uncertainty and significant change.