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Vanderbilt Journal of Entertainment & Technology Law

Journal

2004

Trade deficit

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United States' Trade Policy And The Exportation Of United States' Culture, Beverly I. Moran Jan 2004

United States' Trade Policy And The Exportation Of United States' Culture, Beverly I. Moran

Vanderbilt Journal of Entertainment & Technology Law

The United States trade deficit grows larger each year.' What the trade deficit means and what is to be done in response to its growth shifts with administrations and over time. Nevertheless, since World War II, the United States' general position on international trade has been unbridled support for free access to free markets.

Now, the world economy is changing and our economy is responding. When the international trade regime we work under began cross border trade meant steel and oil and cotton. Now, our Gross Domestic Product and employment comes from services as much as anything else. Just as …