Report | Trade and Globalization

Trading away jobs: The effects of the U.S. merchandise trade deficit on employment

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American imports and exports as a share of GNP have grown steadily over the past few decades. However, in the 1980s imports skyrocketed while exports remained relatively stagnant, culminating in a record merchandise trade deficit of $171.2 billion in 1987 despite the declining value of the dollar.


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