Large U.S. trade deficits with developing countries serious for global economy : Bernanke, what is the solution?
Tania Harding
Oct. 20, 2009

China. India, Brazil, and other developing nations continue to flood America with serices, goods, and commodities. What can be the real solution?

Mr. Bernanke in his comments urged Asian leaders to build better pension systems and to increase government spending. He also urged the Obama administration to address the U.S. budget deficit. It reflects a growing consensus among central bank chiefs across the globe on the need to rebalance global economic growth.

The solution lies in making India, China, Brazil and other developing nations realize that they must expand their domestic market and rely less on the US consumers. Otherwise dollar will continue to fall, the trade and budget deficit worsen, and economies weaken.

Large U.S. trade deficits with developing countries serious for global economy : Bernanke, what is the solution?
Tania Harding
China. India, Brazil, and other developing nations continue to flood America with serices, goods, and commodities. What can be the real solution?
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