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United States Trade in Consumer Products
Author(s) -
GARCIA PHILIP,
ROSS MARY ANNE,
PADBERG DANIEL I.
Publication year - 1982
Publication title -
journal of consumer affairs
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.582
H-Index - 62
eISSN - 1745-6606
pISSN - 0022-0078
DOI - 10.1111/j.1745-6606.1982.tb00178.x
Subject(s) - promotion (chess) , distribution (mathematics) , business , consumer demand , food products , international economics , economics , international trade , market economy , mathematical analysis , chemistry , mathematics , food science , politics , political science , law
The United States has experienced a large trade deficit in consumer products. This paper argues that the deficit is due in part to the institutional and behavioral frameworks in which consumer products are marketed. The existence of an effective mass distribution system, a large market relative to promotion expenditures and the change‐orientation of the consumer can influence greatly the ability of nations to expand markets and stimulate sales of consumer products. These factors prevalent in the American economy have attracted imports. In contrast, their absence in the economies of our trading partners has limited our access to foreign markets. Policy implications of this situation and areas for further research are identified and discussed.