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Essay / Research Paper Abstract
This 4 page paper examines the growing trade deficit in the United States. Whether or not it will continue and its impact is discussed. Some statistics are included. Bibliography lists 2 sources.
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4 pages (~225 words per page)
File: RT13_SA536trd.rtf
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sustained, or is there change in the future? In looking at the past ten years for the United States in general, the trade deficit has slowly but surely increased. Examining
globalized patterns regarding merchandized trade is helpful and the information is available on the Internet ("Trade Stats," 2005). In 1994, in respect to the balance, and utilizing the harmonized system,
the figures were -151,414,528,000 as compared with -651,734,908,000 in 2004 ("Trade Stats," 2005). The latter years show a more dramatic increase and one might see this as a trend. The
trade deficit is indeed growing. While this is not in dispute, there are varying theories on why this is so, as well as ideas as to whether or not the
situation is negative or positive. In terms of causation, Miller (2005) explains that the "easy money" which created a wild housing market has contributed to the trade deficit. It did
this by prompting consumers to spend more and this increased the demand for products abroad (Miller, 2005). It is an idea that makes sense, but if in fact a good
economy caused the deficit, is it such a bad thing? In some ways it is, but in other ways it is fine. If the economy is running largely on credit,
and it is not as stable as it should be, the deficit is really not a good thing. Often, it is better to have others purchase goods that a nation
exports. Yet, the imports do to some extent signify consumer confidence and the fact that people are willing to purchase more than they had been in the past. To an
extent, such a deficit may be disappointing to certain sectors, like automobiles. The deficit provides competition for manufacturers and this may not be advantageous, but the deficit to an extent
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