Does the U.S. Serve as the World Economy's Engine of Growth?
Description:
This report examines three fundamental points implicit in the "engine of growth" argument. First, it questions whether the current account deficit is caused by strong U.S. growth and weak foreign growth. Second, it examines whether foreign growth is dependent on U.S. imports and the maintenance of a large U.S. current account deficit. Finally, it reviews the proposition that a U.S. recession would cause a world recession by lowering U.S. import demand. The report concludes that to make the fina…
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Date:
February 14, 2001
Creator:
Labonte, Marc & Makinen, Gail
Item Type:
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Report
Partner:
UNT Libraries Government Documents Department