Wharton PPI B-School for Public Policy Seminar Summaries
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Seminar Date
Spring 3-24-2017
Publication Date
Fall 9-20-2019
Summary
A trade deficit is defined by the amount by which a country’s imports exceeds the value of its exports. The US has consistently held a trade deficit since the 1970s; as of the end of 2016, the deficit had risen to $502 billion. This trade deficit has been a “political hot potato,” particularly with respect to China, on the assumption that a sustained deficit weakens the overall economy. But is that accurate? In this B-School for Public Policy Seminar Summary, Professor Gomes takes a closer look at the economics of boosting service exports as a means of rebalancing the US trade deficit and, in the process, sheds new light on policy discussions regarding the future of America's trade agreements.
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Disciplines
Finance | International Economics | Other Economics | Public Economics | Regional Economics
Keywords
trade, exports, deficit, service, industry
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Finance Commons, International Economics Commons, Other Economics Commons, Public Economics Commons, Regional Economics Commons