The United States and Global Capital Shortages - The Problem and Possible Solutions

Gordon maintains that the United States must implement policy measures to reduce the large amounts of capital it is borrowing from the rest of the world-a problem she attributes, mainly, to low private savings rates and high federal budget deficits. She explains how the United States became a debtor nation, describes the changes in global capital markets that occurred in the 1980s, and analyzes the extent of global capital requirements, the drop in the U.S. savings rate, and the policy measures that could be taken to raise it. Unlike most discussions that focus on faulty international trade practices as a cause of U.S. deficits, Gordon places a large share of the responsibility on U.S. macroeconomic policies. Concise, readable, lucid, Gordon's book will be useful to professionals in banking and finance, and to academics and upper-level students of international business, finance, and economics.

Sommario

U.S. Capital Flows
Changes in Global Capital Markets During the 1980s
Foreign Direct Investment in the United States
The Saving Deficiency in the United States
Policies Designed to Raise the U.S. Saving Rate
Capital Flows and Balance-of-Payments Adjustment
Global Capital Requirements
Summary and Conclusion
Bibliography
Index

Info autore

SARA L. GORDON is Associate Professor of Economics and Finance at St. John's University, New York. She has held positions at the International Monetary Fund and the U.S. Treasury Department, and has published widely in international economics journals. Gordon is coauthor (with Francis A. Lees) of Foreign Multinational Investment in the United States: Struggle for Industrial Supremacy (Quorum, 1986).

Dettagli sul prodotto

• Autori: Sara L. Gordon, Gordon Sara
• Editore: Bloomsbury
• Lingue: Inglese
• Formato: Copertina rigida
• Pubblicazione: 18.08.1995
• EAN: 9780899307725
• ISBN: 978-0-89930-772-5
• Categorie: Scienze sociali, diritto, economia > Economia > Pubblicità, marketing; USA, POLITICAL SCIENCE / Political Economy, BUSINESS & ECONOMICS / Economics / Macroeconomics, POLITICAL SCIENCE / Public Policy / Economic Policy, BUSINESS & ECONOMICS / Public Finance, POLITICAL SCIENCE / American Government / National, macroeconomics, Political Economy, United States of America, USA, Central / national / federal government policies, Public finance, Central government policies, Public finance and taxation, Business: Finance, Investments and Banking