Do imports hinder or help economic growth?

Although Americans spent $1.3 trillion on foreign goods and services last year, many regard imports with hostility, preferring to “buy American.” But do imports really hurt the U.S. economy, as many believe? This Economic Commentary argues the contrary position: Countries that are open to trade—imports and exports—tend to experience faster economic growth than countries with closed doors.

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Year of publication:	2000
Authors:	Humpage, Owen F.
Published in:	Economic Commentary. - Federal Reserve Bank of Cleveland. - 2000, Mar, 2
Publisher:	Federal Reserve Bank of Cleveland
Subject:	Imports \| Economic development \| Trade

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Extent:	text/html
Type of publication:	Article
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005390364