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WORKING PAPERS
March 20, 2006
With foreign investment in the U.S. increasingly in the spotlight, this working paper by William Cline explores the U.S. external deficit and the fact that the U.S. relies on foreign lending to finance its trade deficit. Cline emphasizes the dangers of a hard landing for the U.S., and why this would...
BOOKS
September 19, 2005
How is America's debt of 22% of GDP and its $670 billion trade deficit sustainable? What are the challenges to the rest of the world as the US’ fiscal accounts and exchange rates adjust to correct this imbalance? In this important new book, CGD/IIE Senior Fellow William R. Cline argues that without ...
WORKING PAPERS
August 10, 2005
In this posthumously published working paper, Dick Sabot argues that the U.S. external deficit is putting at risk the welfare of poor people in developing countries. This accessible paper draws on a forthcoming book, The U.S. as a Debtor Nation, by William Cline, and has been updated to include Clin...