Balanced Trade

Classical economics assumed that trade always balanced, but often trade is not balanced. For example, some neo-mercantilist trading partners attempt to distort the terms of trade in order to garner economic and political advantages. Balanced Trade examines the economic and political consequences of [...]
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Classical economics assumed that trade always balanced, but often trade is not balanced. For example, some neo-mercantilist trading partners attempt to distort the terms of trade in order to garner economic and political advantages. Balanced Trade examines the economic and political consequences of imbalanced trade and provides a set of policy prescriptions that countries might adopt to balance trade.