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


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


trade, exports, deficit, service, industry

Summary: Service Exports and the US Trade Deficit