Journal of Contemporary Asia
Vol. 40, No. 4, November 2010, pp. 656673
US Trade Decits and Sino-US
LEONG H. LIEW
Department of International Business & Asian Studies, Grith University, Queensland, Australia
ABSTRACT American politicians and poli
Why the huge trade deficits ahead may be good news
Just as Washington is congratulating itself for getting the budget deficit temporarily under control, its evil twin,
the trade deficit, is back-with a vengeance. Figures due out this week may show that U.
Capturing Value in Global Networks:
Apples iPad and iPhone
Kenneth L. Kraemer, Greg Linden, and Jason Dedrick1
University of California, Irvine, University of California, Berkeley and Syracuse University
Acknowledgement: This research has been
The trade gap is rising to record levels - again. One economics group recently forecast the red ink could balloon
by 23% this year to $180 billion. Time to worry? Hardly.
Yes, the deficit is growing. It stood at over $165 billion last year by some estimat
America's merchandise trade deficit could hit $250 billion in 1998, propelled to a record high by financial
turmoil and plunging growth rates in the Far East.
If the past is any guide, the widening trade gap will be reported almost universally as grim new
The U.S. is on track for a record capital surplus! Sounds great, right? Now consider this: The U.S. is on track
for a record trade deficit! It doesnt sound so good, but the two mean pretty much the same thing. Whichever
way you choose to say it, neither s