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.