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Paperback Global Linkages: Macroeconomic Interdependence and Cooperation in the World Economy Book
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ISBN: 0815756011

ISBN13: 9780815756019

Global Linkages: Macroeconomic Interdependence and Cooperation in the World Economy

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Book Overview

"

With the rapid deterioration of the U.S. trade balance in the 1980s, the United States was forced to finance deficits by borrowing heavily from the rest of the world. In doing so, the United States went from being the world's largest creditor country to the world's largest debtor, while Japan and West Germany experienced a rise in trade surpluses. Such a shift in international trade flows has had profound effects on the world economy. McKibbin...

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