Can Exports Get the U.S. Out of Their Slump?
Can Exports Get the U.S. Out of Their Slump? Thursday January 28, 2010#spacer{clear:left}#abc #sidebar{margin-top:1.5em}zSB(3,3) From Mark Thoma: The problem is that if (net) exports don’t lead the way, then consumption or investment must fill the void if the private sector is going to take care of this on its own. But neither of those seems likely to grow fast enough to accomplish this, at least not anytime soon, and there’s some question whether they will return to their pre-crisis levels, consumption growth in particular. Paul Krugman’s point — the quote is from a bit over a year ago — was that if consumption, investment, and net exports can’t support the growth we need to maintain employment, then government must use aggressive measures
