Shifts in U.S. Trade Balance and Industrialization

Brian Reinbold and Yi Wen

On the Economy from Federal Reserve Bank of St. Louis

Abstract: As the U.S. has industrialized, changes in comparative advantage relative to those of other nations have led to periods of persistent trade surpluses and deficits.

Keywords: trade deficits; trade surplus; trade balance; industrialization; industrial revolution (search for similar items in EconPapers)
Date: 2020-07-21
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Persistent link: https://EconPapers.repec.org/RePEc:fip:l00001:88420

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