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Article: NEW YORK TAKES A LOOK AT INTERNATIONAL MARKETS DROP OF DOLLAR GIVES EXPORT A CHANCE.(CAPITALAND REPORT)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- February 28, 1988
CopyrightCOPYRIGHT 1988 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mark S.R. Suchecki Business writer
While no panacea for all economic ills, a vigorous program of exporting can be of as much help to a flabby economy, according to experts, as a regime of diet and exercise for the confirmed couch potato. As in the case of too much junk food, an overindulgence of imports is fraught with hazard. In New York alone, more than half of the 195,000 manufacturing jobs lost in the state between 1980 and 1986 were directly related to the U.S. trade deficit, with export declines alone accounting for 40 percent of the loss, according to a recent state study.
That's why the dramatic drop in the value of the dollar - ...
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