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International Trade Slowdown

 
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PostPosted: Sun Jun 28, 2015 8:43 am    Post subject: International Trade Slowdown Reply with quote

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It was inevitable international trade would slow.

For example, since the U.S. became an open economy, around 1980, and over the “long-boom,” from 1982-07, U.S. export growth increased much faster than U.S. GDP growth, which was unsustainable.

However, the top priority of the U.S. government should’ve been closing the output gap, which would’ve facilitated international trade, because the U.S. has been the main engine of global growth, pulling the rest of the world’s economies.

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