becomes imbalanced at times as part of the natural development of the global

Becomes imbalanced at times as part of the natural

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22Several views on the trade deficit are in Kenichi Ohmae, “Lies, Damned Lies, and Statistics: Why the Trade Deficit Doesn’t Matter in a Borderless World,” Journal of Applied Corporate Finance, Winter 1991, 98-106, and M. Pakko, “The U.S. Trade Deficit and the ‘New Economy’,” Review of the Federal Reserve Bank of St. Louis, September/October 1999, 11-19.