Xing, Yuqing; Detert, Neal - National Graduate Institute for Policy Studies (GRIPS) - 2010
IIn this paper, we use the iPhone as a case to show that even high-tech products invented by American companies will not increase the US exports, but to the contrary exacerbate the US trade deficits. The iPhone contributed US$1.9 billion about 0.8% of the US trade deficit with PRC in 2009....