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1 [i] (1987)

handle is hein.amenin/aeiabaw0001 and id is 1 raw text is: Competitiveness The United States in World Trade Sven W. Arndt and Lawrence Bouton The authors of this volume focus on three factors that have contributed to the deterioration of the U.S. trade balance and the erosion of American competitiveness: macroeconomic policy, the fundamental realignment in global competitive conditions, and unfair foreign trade practices. They argue that the first two factors are by far the most important and that America's competitiveness will not be improved simply by making the playing field more level. They recommend that the major focus in the short run be on restructuring U.S. macroeconomic policies. In the long run prevailing attitudes and practices, in both the private and the public sectors, must be changed if America is to compete in the world economy. They conclude that the removal of unfair foreign trade practices is an important policy goal but will do little to alleviate U.S. trade and competitiveness problems. Bravo! This book gives theoretical insight and detail to a message that Congress needs to understand: The trade deficit is a macroeconomic phenomenon, and reducing the budget deficit is a more promising response than trade-restricting proposals. -Clayton K. Yeutter U.S. Trade Representative COMPETING IN A CHANGING W'VORDECONOMY ISBN 978-0-8447-3626-6 PROCT 90

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