International Trade and Capital Flows
Discover the factors that influence trade and current account balances, explore historical and international trade balances in context, and learn about the pros and cons of trade deficits and surpluses.
Introduction to the International Trade and Capital Flows
Measuring Trade Balances
Components of the U.S. Current Account Balance
Key Concepts and Summary
Trade Balances in Historical and International Context
Key Concepts and Summary
A Two-Person Economy: Robinson Crusoe and Friday
The Balance of Trade as the Balance of Payments
Key Concepts and Summary
Understanding the Determinants of the Trade and Current Account Balance
Domestic Saving and Investment Determine the Trade Balance
Exploring Trade Balances One Factor At a Time
Short-Term Movements in the Business Cycle and the Trade Balance
Key Concepts and Summary
The Pros and Cons of Trade Deficits and Surpluses
The Difference Between Level of Trade and the Trade Balance
Final Thoughts About Trade Balances
Key Concepts and Summary