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.

 

[Developing countries] Developing countries' efforts to reduce their trade deficits took place in an environment in which the prices of the majority of primary commodities had moved against them since the late 1970s.

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