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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This work is licensed under the Creative Commons Attribution-NonCommercial 4.0 International License. To view a copy of this license, visit http://creativecommons.org/licenses/by-nc/4.0/ or send a letter to Creative Commons, PO Box 1866, Mountain View, CA 94042, USA.

Disciplines

Finance | International Economics | Other Economics | Public Economics | Regional Economics

Keywords

trade, exports, deficit, service, industry

Summary: Service Exports and the US Trade Deficit

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