NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Trends in U.S. International Trade and Investment since World War II

William H. Branson

NBER Working Paper No. 469 (Also Reprint No. r0152)
Issued in April 1980
NBER Program(s):   ITI   IFM

This paper presents and analyzes the data on the trends in United States international trade and investment since World War II. From this data we can perceive a shrinking United States fraction of manufacturing output and exports, a return to and strengthening of lines of comparative advantage, and balanced and rapid growth in long-term investment. We can also see increasing volatility of trade and long-term investment in the 1970s, along with a real depreciation of 25 percent in the weighted United States exchange rate.

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Document Object Identifier (DOI): 10.3386/w0469

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