In This Review

Narrowing The U.S. Current Account Deficit
Narrowing The U.S. Current Account Deficit
By Allen J. Lenz
Institute for International Economics, 1992, 607 pp

The gloomy finding of this many-sided analysis by a former Department of Commerce official is that only increased exports of manufactures can bring about a rectification of the current account balance of the United States and that this will not happen even with benign government policies. The evidence lies in heroically tedious statistical analysis of 21 groups of manufactures plus in the solicited opinions of people working in each field. Any number of interesting and useful facts emerge from this massive study.