International Trade and Finance

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This collection addresses the many issues in international finance and trade facing North American governments and industries. In his introduction, the editor challenges prevailing theories which maintain that the dollar's fall will alleviate America's balance of trade deficit. He also argues that the correlation between the value of the dollar and U.S. trade deficit with many countries is statistically insignificant and at any rate much weaker than existing theories maintain. Divided into eight parts analyzing the principal problems in international trade that will be faced in the 1990s, the work includes articles on currency markets and fluctuations, the international debt crisis, external borrowing, multi-national corporations, foreign direct investment in North America, and the North American Common Market.