Ken Rogoff on Past, Present, and Future of U.S. Dollar Hegemony
Monetary Matters with Jack Farley
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Navigating the U.S. Trade Deficit
This chapter examines the U.S. trade deficit during a pivotal economic period and the transition from manufacturing to a service-oriented economy. It discusses the complex dynamics of U.S.-China trade relations, including the influence of automation, tariffs, and foreign investments on employment and competitiveness. The chapter also reflects on the implications of the U.S. dollar's status as a reserve currency in the context of current account deficits.
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