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Title: America's trade : markets count more than deficits 
Author: Gordon, Bernard K.
Date: 1993
Publisher: Honolulu: East-West Center
Abstract: U.S. trade deficits with Japan and other countries have led many to believe that Asia is the source of America's trade problems and that Latin America is the "natural market" for the United States. In fact, the worldwide U.S. trade deficit has declined sharply, and the country's best markets are in East Asia. Japan spends $50 billion on U.S. products, two-thirds of them manufactured goods, and U.S. sales are booming almost everywhere else in Asia. Though Mexico is a rapidly growing market, U.S. exports to the rest of Latin America in 1992 were $35 billion less than U.S. sales to just Korea, Taiwan and Singapore. America's misplaced anxiety about Asia, and over-emphasis on Latin America, could relegate the United States increasingly to the Western Hemisphere. This in turn could lead to the hardening of the world into three blocs in Europe, the Americas and Asia each organized around a powerful industrial economic base and each suspicious of the other.
Series/Report No.: AsiaPacific issues ; no. 8
Description: For more about the East-West Center, see http://www.eastwestcenter.org/
Pages/Duration: 8 pages
ISSN: 1522-0960
URI: http://hdl.handle.net/10125/3776
LC Subject Headings: Balance of trade - United States
United States - Commerce - Asia
Latin America - Commerce - United States
United States - Commerce - Latin America
Asia - Commerce - United States

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  • AsiaPacific Issues [114]
    Papers in the AsiaPacific Issues series address topics of broad interest and significant impact relevant to current and emerging policy debates. These eight-page, peer-reviewed papers are accessible to readers outside the author's discipline.

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