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Do Imports Hinder or Help Economic Growth?

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Although Americans spent $1.3 trillion on foreign goods and services last year, many regard imports with hostility, preferring to “buy American.” But do imports really hurt the American economy? This Economic Commentary argues they do not. If anything, imports promote growth.

Although Americans spent $1.3 trillion on foreign goods and services last year, many regard imports with hostility, preferring to “buy American.” But do imports really hurt the American economy? This Economic Commentary argues they do not. If anything, imports promote growth.


Suggested citation: Humpage, Owen F., 2000. "Do Imports Hinder or Help Economic Growth?" Federal Reserve Bank of Cleveland, Economic Commentary, 03.15.2000.

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