oussama94
05-28-2017, 19:39
The results of current account imbalances, and the protectionist policies
that ensued, required action. Ultimately, it was believed that the rapid
acceleration in the value of the U.S. dollar, which appreciated more than
80 percent against the currencies of its major trading partners, was the primary
culprit. The rising value of the U.S. dollar helped to create enormous
trade deficits. A dollar with a lower valuation, on the other hand, would be
more conducive to stabilizing the international economy, as it would naturally
bring about a greater balance between the exporting and importing
capabilities of all countries
that ensued, required action. Ultimately, it was believed that the rapid
acceleration in the value of the U.S. dollar, which appreciated more than
80 percent against the currencies of its major trading partners, was the primary
culprit. The rising value of the U.S. dollar helped to create enormous
trade deficits. A dollar with a lower valuation, on the other hand, would be
more conducive to stabilizing the international economy, as it would naturally
bring about a greater balance between the exporting and importing
capabilities of all countries