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

Listed author(s):
  • Dimitri B. Papadimitriou

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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Paper provided by Levy Economics Institute in its series Economics One-Pager Archive with number op_1.

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Date of creation: May 2010
Handle: RePEc:lev:levyop:op_1
Contact details of provider: Web page: http://www.levyinstitute.org

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