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U.S. Loses Business Leader Role to Pacific Rim Economies
Economists at a Santa Monica seminar say America’s large trade and budget deficits have cemented Pacific Rim nations, led by Japan, as the world’s top capital exporters. They warn that unless the U.S. tightens spending and raises productivity, its role won’t rebound.
MENTIONED IN THIS ARTICLE
U.S
Pacific Rim
Santa Monica
Calif
America
Japan
Foundation For American Communications
Gannett Foundation
Richard Drubnick
United States
Drubnick
University of Southern California
Joseph Kalt
Kennedy School of Government
Harvard University
Kalt
Frank Wykoff
Pomona College
Claremont Graduate School
Robert Lorenz
Security Pacific Bank
Federal Reserve Board
Paul Volcker
Korea
Volcker
Seija Naga
Resource Systems Institute of the
East-West Center
Honolulu
Naga