Publication
1 Jun 2005
This working paper examines whether US growth is sustainable in light of the country's large deficit. The US' growing account (or "external") deficit, together with its significant government budget (or "internal") deficit, has begun to place real limits on future US growth. In this paper the author analyzes the scope and nature of the deficits and discusses the reasons that have generated them, particularly looking at the role of Asia and China.
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English (PDF, 21 pages, 343 KB) |
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Author | Paul Isbell |
Series | Elcano Royal Institute Working Papers |
Issue | 28 |
Publisher | Elcano Royal Institute of International and Strategic Studies |
Copyright | © 2005 Elcano Royal Institute of International and Strategic Studies. |