The Nation's international deficit in goods and services increased to $21.3 billion in May, from $18.6 billion (revised) in April, as imports increased and exports decreased.
The Nation's international deficit in goods and services was $18.9 billion in April, virtually unchanged from March (revised), as exports and imports increased.
The Nation's international deficit in goods and services increased to $19.4 billion in February, from $16.8 billion (revised) in January as imports increased and exports decreased.
The Nation's international deficit in goods and services increased to $17.0 billion in January, from $14.1 billion (revised) in December as imports increased and exports decreased.
Last year,outlays by foreign direct investors to acquire or establish businesses in the United States surged to $201.0 billion, 2 1/2 times the previous record of $79.9 billion set in 1996 and almost triple the 1997 level of $69.7 billion ( table 1 and chart 1). The 1998 outlays were boosted by two exceptionally large acquisitions, each of which significantly exceeded the size of any previous single investment. However, even without these two investments, outlays were still about 40 percent higher than those in 1996.
This paper is circulated for discussion and comment only and should not be quoted without permission of the author. Linked to American efforts to achieve trade liberalization through trade negotiations has been the recognition of the need not only to improve American trade policymaking processes, but also to analyze more effectively other countries' trade policymaking processes. In order to address these needs, this paper, which is a summary of my Columbia University Political Science dissertation, develops a contextual two-level game approach that can be used to analyze trade policymaking.
Topic:
International Political Economy, International Trade and Finance, and Politics
Political Geography:
United States, Japan, America, East Asia, and Colombia