"U.S. Growth Slows-and Foreign Economies Feel the Pain "

Business Week, August 6, 2001

Synopsis:
This article explains the current U.S. economy, focusing on the effect of a decline in exports and imports on the trade deficit. The decline in imports has been larger than that in exports for the last few months, which is thus helping the U.S. improve a trade deficit -- at least for now. This article also explains why such improvement may not last long. The reasons include the slowdown in the most of the rest of world, the strong dollar, and the growing weakness in exports.

Full-text Article: http://www.businessweek.com:/print/magazine/content/01_32/b3744048.htm?mainwindow

Text connection: Chapter 7 "The Political Economy of Foreign Direct Investment" (pp. 215-217).

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