Bubble-Era Imbalances Rebounding Strongly
Alan Tonelson
Wednesday, September 26, 2012
Japan’s global exports

, year-on-year: -0.7%
Japan’s exports to U.S., year-on-year: +17%
China’s global exports year-on-year: +7%
China’s exports to U.S., year-on-year: +10%
Korea’s global exports, year-on-year: -1.5%
Korea’s exports to U.S., year-on-year: +6.1%
(Source: “U.S. Consumers Proving Old Faithful for Asia Exporters,” by Christopher Anstey and Minh Bui, Bloomberg News, September 21, 2012, http://www.bloomberg.com/news/2012-09-21/u-s-consumers-proving-old-faithful-for-asia-exporters-economy.html)
Alan Tonelson is a Research Fellow at the U.S. Business & Industry Educational Foundation and the author of The Race to the Bottom: Why a Worldwide Worker Surplus and Uncontrolled Free Trade are Sinking American Living Standards (Westview Press).