Contents

Report of "The U.S. Trade Deficit:
Causes, Consequences and Recommendations for Action"

Transmittal Letter to the President

Transmittal Letter to the Congress

Chairman's Preface

Searching for Common Ground

Summary of Democratic Commissioners' Views and Recommendations

The U.S. Trade Deficit: Causes, Consequences and Recommendations for Action

1. Introduction

2. Causes of the U.S. trade and current account deficits

3. Consequences of the U.S. trade and current account deficits

4. Are large trade and current account deficits sustainable?

5. Worker adjustment assistance

Additional Views of Democratic Commissioners

6. Trade policy and organization in the era of globalization

7. International trade data: improving our knowledge base

Additional Views of Democratic Commissioners

Additional Views of Commissioners D'Amato, Lewis, Papadimitriou, Thurow, Wessel, and Becker: Trade as the new prism of world politics

Appendices:

Appendix I: The mandate of the U.S. Trade Deficit Review Commission Act (P. L. 105-277, as amended)

Appendix II: Commissioners, Acknowledgments, and Commission Staff

Appendix III: Background on Commissioners

Appendix IV: An Overview of World Goods and Services Trade

Appendix V: Survey of Trade Adjustment Assistance Programs by Trade Deficit Review Commission--Interstate Conference of Employment Security Agencies

Appendix VI: TAA and NAFTA-TAA, Fiscal Years 1975-99

Appendix VII: Trade adjustment allowances paid by TAA and NAFTA-TAA, Fiscal Years 1975-99

Appendix VIII: Contents of CD-ROM

Directory of Graphs and Tables

Photographs from Hearings of the Commission