The United States trade deficit grows larger each year.' What the trade deficit means and what is to be done in response to its growth shifts with administrations and over time. Nevertheless, since World War II, the United States' general position on international trade has been unbridled support for free access to free markets.
Now, the world economy is changing and our economy is responding. When the international trade regime we work under began cross border trade meant steel and oil and cotton. Now, our Gross Domestic Product and employment comes from services as much as anything else. Just as the United States supported its manufacturers seeking to export goods in the last century, the United States government supports the new U.S. economy by being at the forefront of the push to open foreign markets to services.
The Curb Center is dedicated to the study of the arts and public policy. Not just the high arts that concern Old World European ministries of culture, but also the street arts, the market arts, the arts that feed into our Gross Domestic Product and employment rates. Further, the Curb Center is concerned with both self-conscious public policy and public policy that comes from seemingly culture neutral government functions. In the case of the United States trade deficit and our government's policy to open markets to services, we see culture and public policy combine in our push to maintain world dominance in the film industry.
Beverly I. Moran,
United States' Trade Policy and the Exportation of United States' Culture,
7 Vanderbilt Journal of Entertainment and Technology Law
Available at: https://scholarship.law.vanderbilt.edu/jetlaw/vol7/iss1/2