| Sumario: | America's illiteracy on the subject of the trade deficit could become very important. It is commonly thought that America's trade deficit is the result of underhandedness and unfair practices by other countries, or because domestic companies cannot compete in the global market. The trade deficit in America has risen from $56 billion in 1992 to $155 billion in 1997, and this is adding fuel to the anti-free-trade forces. Their attempt to reduce global trade, however, is impractical and unproductive. The writer dispels some myths about the trade deficit, explains its true meaning, and offers a solution to the current upward trend.
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