Trade with the Pacific Rim
Krogh, Peter F. (Peter Frederic)
Fallows, James M.
Discusses the growing U.S. trade deficit with the countries of the Pacific Rim and examines potential responses.
During the 1990s the economies of East Asia were among the fastest growing in the world, and appeared poised for further expansion. Yet as American trade with these economies grew, so too did the U.S. trade deficit with the region. International trade and open markets are critical to the wellbeing of the U.S. economy, but the ballooning trade deficit caused widespread concern among American policymakers, including President Clinton, who placed renewed emphasis on increasing American competitiveness and bolstering exports. The United States' role in the 1993 Asia-Pacific Economic Cooperation Conference emphasized the importance of balancing American trade with the Pacific Rim countries, whose imports, although sizable, continued to fall short of exports to the U.S. What is causing the growing imbalance of trade with the East-Asian economies, and how can the U.S. ensure that the benefits of trade go both ways? Hosted by Peter Krogh, and featuring James Fallows, Washington Editor of the Atlantic Monthly, and Ambassador Richard Solomon, former Assistant Secretary of State for East Asian Affairs.
Asia Pacific Economic Cooperation (Organization); Free trade -- Pacific Area; United States -- Foreign economic relations -- Pacific Area; Pacific Area -- Foreign economic relations -- United States; International Economics, Trade and Business; Free Trade; Trade Deficit; Asia Pacific Economic Cooperation (APEC);
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Krogh, Peter F. (Peter Frederic) (The Kentucky NetworkGeorgetown University. School of Foreign ServiceForeign Policy Association, 1996)