One-Pager No. 1 | May 2010

A Balancing Act

How to End America's Trade Deficits

Now that America’s financial institutions have been brought back from the brink, the greatest threat to global economic stability is the gigantic trade imbalance between the United States, China, and other trading partners. A second big threat to economic stability, in the longer run, is global warming. Both problems are related to America’s addiction to cheap imports and foreign oil—bad habits that a clever cap-and-trade system could help us kick at last.

Publication Highlight

Working Paper No. 1017
Rentiers, Strategic Public Goods, and Financialization in the Periphery
Author(s): Gabriel Porcile, Gilberto Tadeu Lima
April 2023

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