Problem

Excessive external trade deficits

Incidence:

[Industrialized countries] The USA's trade deficit in 1986 was over US$170 billion making it the largest debtor nation in the world. In June 1989, the United Kingdom's trade deficit widened to US$3.1 billion. In 1989 the former Soviet Union recorded a trade deficit of £3.35 billion.

 

Strategies:
Balancing payments
Values:
Deficit
Excess
Problem Type:
D: Detailed problems
Subject(s):
Commerce Credit
Commerce Trade
Society Foreign
Related UN Sustainable Development Goals:
GOAL 16: Peace and Justice Strong Institutions
Date of last update
22.05.2019 – 15:45 CEST