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Export Promotion and Trade Adjustment Assistance Priorities in the Northeast

Published online by Cambridge University Press:  10 May 2017

David Blandford ,
Richard N. Boisvert  and
Pedro Alba
David Blandford
Affiliation:
Department of Agricultural Economics, Cornell University
Richard N. Boisvert
Affiliation:
Department of Agricultural Economics, Cornell University
Pedro Alba
Affiliation:
Department of Agricultural Economics, Cornell University
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Extract

During the past decade, the significance of international trade for the United States’ economy has changed dramatically. In 1970, merchandise exports were $43 billion and accounted for five percent of the Gross National Product (GNP); merchandise imports amounted to $40 billion (U.S. Department of Commerce, Bureau of Economic Analysis). By 1977, such exports had increased to almost $120 billion and imports to $150 billion, in both cases a rate of increase almost double that for GNP over the same period.

Type
Contributed Papers
Information
Journal of the Northeastern Agricultural Economics Council , Volume 9 , Issue 2 , October 1980 , pp. 61 - 68
Copyright
Copyright © Northeastern Agricultural and Resource Economics Association 

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