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Titlebook: U.S. Trade Deficit: Causes, Consequences, and Cures; Proceedings of the T Albert E. Burger Conference proceedings 1989 Kluwer Academic Publ

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William Pooleon techniques underlying the development of voice-enabled Internet applications...This book is divided into three parts, each of which tackles an essential piece of the voice application development puzzle. In Part One, "Retrospective on Voice and the Web," you‘ll learn how VoiceXML integrates voice
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Commentaryom this chapter and little with which one can disagree. But there are some areas where some comments are in order. I will touch in my comments on two points: one is the relationship between exchange rates and interest rates and the question of market rationality, the other is the role of the NICs in U.S. trade.
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Commentarycits were supposedly caused by a rising dollar, yet trade deficits were later cited as the cause of a falling dollar. The gap between U.S. and foreign interest rates was at first said to be the reason the dollar went up, yet that same gap was later used as proof that the dollar must come down.
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The Current Account and Macroeconomic Policy: An Econometric Analysisleling this saving-investment gap has been the much-discussed U.S. trade deficit. At the same time, trade surpluses and corresponding saving-investment surpluses developed and persisted in Germany and Japan. (See figures 2–1 through 2–4).
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