Discussion:
• Does the United States' unique position in the world economy allow the country to safely run persistent external deficits?
• Can persistent U.S. deficits in the current and payments accounts be adjusted without bringing about economic recession or crisis?
In a 4-6 page (12-point font, double-spaced) essay, summarize and critically evaluate the main positions provided on this in Carbaugh's Chapter 10 and the Deutsche Bank Research piece also assigned as reading for this module.
Deutsche Bank Research