Trade & economy - phrases stylés Flashcards
America’s trade strategy has many risks and few upsides : It is undermining the rules-based trade order and could start a series of tit-for-tat moves
America’s trade strategy has many risks and few upsides : It is undermining the rules-based trade order and could start a series of tit-for-tat moves
Another risk stems from Mr Trump’s obsession with the bilateral trade deficit. No deal can guarantee to bring it down. Whatever the two sides agree to, the fact is that trade is devilishly difficult to manage.
Another risk stems from Mr Trump’s obsession with the bilateral trade deficit. No deal can guarantee to bring it down. Whatever the two sides agree to, the fact is that trade is devilishly difficult to manage.
AMERICA’S economy has grown massively during the past four decades, but not all of its workers have reaped the rewards.
AMERICA’S economy has grown massively during the past four decades, but not all of its workers have reaped the rewards.
The past four decades have been hard for many Americans. Trade and technology have upended the labour market, and many low-skilled men have left the workforce. Economic growth has been weak in non-coastal states, and the top few percent take home a greater share of all income. Wage growth, by any measure, has been far lower than in the post-war decades. But the idea that the typical American is little better off than four decades ago does not withstand scrutiny. A recent report by the CBO gives a cheerier rise of 51% for median household income between 1979 and 2014.
The past four decades have been hard for many Americans. Trade and technology have upended the labour market, and many low-skilled men have left the workforce. Economic growth has been weak in non-coastal states, and the top few percent take home a greater share of all income. Wage growth, by any measure, has been far lower than in the post-war decades. But the idea that the typical American is little better off than four decades ago does not withstand scrutiny. A recent report by the CBO gives a cheerier rise of 51% for median household income between 1979 and 2014.
