Chokepoints
American Power in the Age of Economic Warfare
Business & Money - May 2025 @SCCLD
Global trade has been at the center of American and world politics the past few months. According to Michael Klein, a professor at Tufts University's Fletcher School, international trade has become an increasingly important feature of the U.S. economy for at least the past 50 years.. Professor Klein states that the U.S. has been running a trade deficit every year since 1975. A trade deficit occurs when the total value of imports to the country exceeds the value of U.S. exports. However, a trade deficit isn’t by itself a sign of economic weakness, and trade surpluses don’t necessarily lead to increases in domestic manufacturing. To learn more about international trade, tariffs, sanctions and the history of globalization, look into these books. Reference Klein, M. (2025). "How International Trade Affects the Economy." Tufts Now. Accessed April 24, 2025, https://now.tufts.edu/2025/04/23/how-international-trade-affects-economy
14 items
Making It in America
the Almost Impossible Quest to Manufacture in the U.S.A. (and How It Got That Way)
Seven Crashes
the Economic Crises That Shaped Globalization
The Economic Weapon
the Rise of Sanctions as a Tool of Modern War
Life After Capitalism
The Meaning of Wealth, the Future of the Economy, and the Time Theory of Money
No Trade Is Free
Changing Course, Taking on China, and Helping America’s Workers
Trade Is Not a Four Letter Word
How Six Everyday Products Make the Case for Trade
Clashing Over Commerce
A History of US Trade Policy
The Summit
Bretton Woods, 1944: J. M. Keynes and the Reshaping of the Global Economy
Heyday
the 1850s and the Dawn of the Global Age
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