This is a guest post by Cole Frank, a research associate at the Council on Foreign Relations. Multinational corporations‘ efforts to avoid U.S. taxes by shifting profits abroad significantly distort ...

The concept of balance-of-payments-constrained economic growth has long served as a vital framework for understanding how external imbalances can limit long-run economic expansion. This approach ...

The balance of payments is a double-entry accounting system that's based on corresponding debits and credits. Its purpose is to record payments and receipts from the residents of one country with ...