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The Macroeconomics of Restructuring
World Competition in Manufactures
2 other sections not shown
abroad achieve adjustment agreements American areas Asian NICs barriers bilateral billion budget deficit capital China competitors continue costs current account deficit debt decline demand developing countries dollar depreciation domestic EANICs East Asian effects Europe European exchange rate external foreign direct investment foreign firms free trade full employment GATT important income increase industrial countries industrial policy inflation internal market Japan Japanese market Korea Korea University labor Latin America living standards macroeconomic major market access multilateral national saving negotiations newly industrializing countries output Pacific Asia Paul Krugman percent of GNP performance potential potential output private saving problem protectionism restructuring rise role saving rate sell share slowdown standard of living strategy surplus Table tariff rates trade balance trade diversion trade surpluses U.S. economy U.S. exports U.S. firms U.S. market U.S. production U.S. trade policy United voluntary export restraint world competition world economy world markets world trade