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Since the trade balance (exports minus imports) is generally the biggest determinant of the current account surplus or deficit, the current account balance often displays a cyclical trend. During a strong economic expansion, import volumes typically surge; if exports are unable to grow at the same rate, the current account deficit will widen.
The China shock (or China trade shock) is the impact of rising Chinese exports on manufacturing employment in the United States and Europe after China's accession to the World Trade Organization in 2001. [1] [2] Studies have estimated that the China trade shock reduced U.S. manufacturing employment by 550,000 (explaining about 16% of the total ...
The stagflation of the 1970s saw a U.S. economy characterized by slower GDP growth. In 1988, the United States ranked first in the world in the Economist Intelligence Unit "quality of life index" and third in the Economic Freedom of the World Index. [13] Over the long run, nations with trade surpluses tend also to have a savings surplus.
China's trade has been gradually declining for the past two years, though August's drops in export and imports were less severe than in July, when exports fell 14.5% from a year earlier while ...
Imports and exports totaling the equivalent of nearly US$1.309.2 Trillion in 2017, which meant that Japan was the world's fourth largest trading nation after China, the United States and Germany. Trade was once the primary form of Japan's international economic relationships, but in the 1980s its rapidly rising foreign investments added a new ...
With a population of 1.4 billion, China is the world's second-largest economy. In the late 19th and early 20th century, the connectedness of the world's economies and cultures grew very quickly. This slowed down from the 1910s onward due to the World Wars and the Cold War, [58] but picked up again in the 1980s and 1990s. [59]
Neither the United States nor China would win a trade war, the Chinese Embassy in Washington said on Monday, after U.S. President-elect Donald Trump threatened to slap an additional 10% tariff on ...
Switzerland is the 17th largest import economy in the world, with imports at a total of $273 billion in 2017. The top countries that Switzerland import from are Germany, the United States, Italy, the United Kingdom, and France. Imports in the past five years have decreased by 2% each year.