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Article: Large Trade Surpluses Possible With Soviet Union, China, India; Study Concludes Reform Could Help U.S. Economy
- Article from:
- The Washington Post
- Article date:
- February 21, 1990
- Author:
CopyrightThis material is published under license from the Washington Post. All inquiries regarding rights should be directed to the Washington Post. (Hide copyright information)
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America's trade with three economically underdeveloped
giants-the Soviet Union, China and India-could balloon from $23
billion in 1988 to $242 billion in 2010, generating large surpluses
and dramatically regenerating the efficiency of the U.S. economy,
according to a new study.
"Economic Reform in Three Giants," published last week by a
Washington think tank, the Overseas Development Council (ODC), says
this optimistic result depends on a continuation of economic reforms
in the Soviet Union, China and India, as well as the commitment of
the West to "steer history in the right direction."
The study assumes U.S.-Soviet trade will grow at an annual rate
of 20 percent until the year 2000 ...