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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 631 |
Essay's paper body
But here a vicious circle is in operation because economic growth in the rest of the world is itself highly dependent on an expanding US market. This is especially the case in Asia where economic growth is increasingly being fuelled by exports to China where goods are manufactured for the American market...
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This is especially the case in Asia where economic growth is increasingly being fuelled by exports to China where goods are manufactured for the American market.
Apart from the ever-widening gap on traded goods, the balance of payments data contained other reasons for concern. The US has long benefited from a situation where the income received from investments overseas is higher than the income received by foreigners investing in America...
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