Heterodox
by Joseph Joyce The Increasing Debtor Status of the U.S. The Net International Investment Position (NIIP) of a country reflects the difference between foreign assets owned by domestic residents and domestic liabilities held by foreign residents. The difference, positive or negative, determines a country’s status as an international creditor or debtor. The U.S. position, which has been negative for many years, has deteriorated sharply in recent...
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