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When a flow becomes a flood.
- Source :
-
Economist . 1/24/2009, Vol. 390 Issue 8615, p74-76. 3p. - Publication Year :
- 2009
-
Abstract
- The article focuses on international trade and its role in the 2008 financial crisis. The large trade deficit maintained by the U.S. and the corresponding trade surplus run by trade partner China created a compensatory flow in which China loaned huge sums to the U.S. through the purchase of government securities theory. Economists suggest that developing countries such as China lack secure financial markets for domestic investment, prompting the flow of capital abroad.
Details
- Language :
- English
- ISSN :
- 00130613
- Volume :
- 390
- Issue :
- 8615
- Database :
- Academic Search Index
- Journal :
- Economist
- Publication Type :
- Periodical
- Accession number :
- 36208365