US economy | Socialist Action 1983

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COSATU devalue the dollar in order to restore US competitivity in export markets.

productivity. Recent statistics show the leading rivals is still increasing.

lobbies in Washington -through the legislature.

The US trade deficit for December reached , a record high level of $17.4bn, an ancrease of nearly 50 per cent over the previous 11 months. And Januarv's deficit was $16.Ibn. This was not supposed to happen. Late last year agreement was reached between Japanese European and American bankers that the time had come to Prices of US products have fallen in relative terms by 30-40 per cent and still the USA is Underlying the trend to greater US trade deficits is the steady relative decline in US productivity differential between the US and its The latest results will fuel strong protectionist - by last August no fewer than 300 protectionist bills were making their way

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10 Socialist Action 5 March 1986