The Big Borrower: The United States Depends Too Heavily on Other Nations for Money and Brains

UNCG Author/Contributor (non-UNCG co-authors, if there are any, appear on document)
Andrew C. Brod, Director, Center for Business & Economic Research (Creator)
Institution
The University of North Carolina at Greensboro (UNCG )
Web Site: http://library.uncg.edu/

Abstract: Over the last couple of decades, much has been made of the “twin deficits” faced by the American economy. Usually the deficits people have in mind are the trade deficit and the government’s budget deficit. The pair grew dramatically during the 1980s, scaring a lot of people in the process. Nowadays, as a percentage of Gross Domestic Product, the trade deficit has grown even larger than in the 1980s and the budget deficit is close to doing the same.

Additional Information

Publication
Brod, Andrew (2005). The Big Borrower: The United States Depends Too Heavily on Other Nations for Money and Brains. Greensboro News & Record, May 29, 2005
Language: English
Date: 2005
Keywords
deficits, economics, debt