Point of View: Trade Deficits, Industrial Competitiveness, and the Japanese
美国贸易逆差引发提升产业竞争力的政策呼吁，但本文指出，政策需基于对贸易收益来源的正确理解，关键在于改善宏观经济管理。
The dramatic increase in the merchandise balance of trade deficit between the United States and its major competitors has prompted a call for policies designed to increase the international competitiveness of the American economy. Policies designed to promote the competitiveness of particular industries must be approached with caution. Unless they are based on a sound understanding of the sources of the economic benefits of trade, they are unlikely to accomplish their objectives. The real key to improving international competitiveness lies in better macroeconomic management of the nation's economy.