Home | News |

Rob Feenstra on National Public Radio

Rob Feenstra can be heard in a National Public Radio story on how international trade flows are calculated by attributing the entire value of a product to the country in which the final product is assembled, even if components are p[roduced elsewhere. For example, the total wholesale value of the iPhone — for the 3G model it was about $180 — goes on the Chinese import side of the trade ledger. As a result, says economist Rob Feenstra of the University of California, Davis, "The U.S. trade deficit with China tends to be exaggerated." For the NPR story seehttp://www.npr.org/2011/01/18/133029198/Tracing-The-Trade-Deficit-Back-To-The-iPhone.html Rob is Director of The Center for International Data at UC  Davis - http://cid.econ.ucdavis.edu/