Do imports hinder or help economic growth?

Owen Humpage

Economic Commentary, 2000, issue Mar

Abstract: Although Americans spent $1.3 trillion on foreign goods and services last year, many regard imports with hostility, preferring to ?buy American.? But do imports really hurt the U.S. economy, as many believe? This Economic Commentary argues the contrary position: Countries that are open to trade?imports and exports?tend to experience faster economic growth than countries with closed doors.

Keywords: Economic development; Imports; Trade (search for similar items in EconPapers)
Date: 2000
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