Chap 18: Serialization of If It's Raining in Brazil, Buy Starbucks

THE TRADE DEFICIT TRAP

Author’s Note: Remember that this book was published in 2001. This would turn out to be the year China joined the World Trade Organization and began dismantling U.S. manufacturing. The analysis of trade deficits would get a whole lot more complicated that you see in this chapter — but it’s a good and interesting start.

CHAPTER 18
THE TRADE DEFICIT TRAP

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