Foreign Trade and the U.S. Economy
The international trade sector of the U.S. economy continues to draw attention in economic and political circles. Rightly so, for the international market has become increasingly important as a source of demand for U.S. production and a source of supply for U.S. consumption. Indeed, it is substantially more important than is implied by the usual measures that relate the size of the international sector to the overall economy. This article explores the role international trade now plays in the U.S. economy.