Faculty News
Professor Richard Sylla offers his perspective on how the US' trade deficit with India is a strength, not a weakness
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Excerpt from CanIndia -- "'A lot of economists look at trade as ships going back and forth carrying cars and TV sets and grain and soybeans and they say well, that’s what’s really important, and the trade deficit is just a spin-off. But you could look at it another way and I say that maybe the finance is more important than the trade,' NYU’s Richard Sylla told IANS here on Wednesday in response to a question on an elusive India-US trade deal that’s been dogged by escalating tensions and constantly shifting goalposts."
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