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A Balancing Act: How to End America's Trade Deficits

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  • Dimitri B. Papadimitriou

Abstract

Now that America's financial institutions have been brought back from the brink, the greatest threat to global economic stability is the gigantic trade imbalance between the United States, China, and other trading partners. A second big threat to economic stability, in the longer run, is global warming. Both problems are related to America's addiction to cheap imports and foreign oil—bad habits that a clever cap-and-trade system could help us kick at last.

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  • Dimitri B. Papadimitriou, 2010. "A Balancing Act: How to End America's Trade Deficits," Economics One-Pager Archive op_1, Levy Economics Institute.
  • Handle: RePEc:lev:levyop:op_1
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    Cited by:

    1. Atkinson, Robert D. & Hackler, Darrene, 2010. "Economic Doctrines and Approaches to Climate Change Policy," MPRA Paper 29718, University Library of Munich, Germany.

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