Trade, Trade Barriers, and Trade Deficits: Implications for U.S. Economic Welfare

Elwell, Craig K.

Library of Congress. Congressional Research Service.

关键词: Trade;    Economic policy;    Foreign trade - U.S.;    Balance of trade;    Economic forecasting;   

RP-ID  :  RL32059
RP-ID  :  RL32059_2003Sep02

美国|英语

来源: UNT Digital Library

【 摘 要 】

This report provides an overview of the economics of international trade that may be helpful for consideration of many recurring international economic policy issues. It is intended as a general explanation of mainstream economic principles that may be considered in gauging the economic significance of trade issues as well as the trade-offs inherent in many policy choices. This report provides a brief overview of the economic arguments for free trade, common arguments for trade barriers, and the cause and economic significance of persistent large trade deficits.