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International Law

: Transnational Law Blog

Comparing the Current Account Balances of the U.S. and China

By John Dermody, Travis Hodgkins, and Nema Milaninia

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The Crashing Down Now blog has a post entitled, The U.S. Account Balance?, which discussed the CIA World Factbook rank order of each country's current account balance. I've never even heard of a country's current account balance, and so I was surprised to learn that the U.S. has the largest negative balance of any other country in the world! The current U.S. balance is $ -747,100,000,000! And China has the greatest surplus! China's current balance is $363,300,000,000! This might make sense to the folks out there who took more than one course in economics, but it baffled me. I did...

Full post as published by Transnational Law Blog on April 01, 2008 (boomark / email).

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