Do imports hinder or help economic growth?
AbstractAlthough Americans spent $1.3 trillion on foreign goods and services last year, many regard imports with hostility, preferring to “buy American.” But do imports really hurt the U.S. economy, as many believe? This Economic Commentary argues the contrary position: Countries that are open to trade—imports and exports—tend to experience faster economic growth than countries with closed doors.
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Bibliographic InfoArticle provided by Federal Reserve Bank of Cleveland in its journal Economic Commentary.
Volume (Year): (2000)
Issue (Month): Mar ()
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