Balanced trade

Balanced trade

Balanced trade is an alternative economic model to free trade. Under balanced trade nations are required to provide a fairly even reciprocal trade pattern; they cannot run large trade deficits.

The concept of Balanced Trade arises from an essay by Michael McKeever Sr. of the McKeever Institute of Economic Policy Analysis. According to the essay, "BT is a simple concept which says that a country should import only as much as it exports so that trade and money flows are balanced. A country can balance its trade either on a trading partner basis in which total money flows between two countries are equalized or it can balance the overall trade and money flows so that a trade deficit with one country is balanced by a trade surplus with another country." [

cite paper
author = McKeever, Sr, Michael
coauthors =
title = Balanced Trade: Toward the Future of Economics
version =
publisher = McKeever Institute of Economic Policy Analysis
date = 1996
url = http://www.mkeever.com/essay.html
format = HTML
accessdate = 2008-04-16 ]

A more extensive argument for balanced trade, and a program to achieve balanced trade is presented in Trading Away Our Future, by Raymond Richman, Howard Richman and Jesse Richman. "A minimum standard for ensuring that trade does benefit all is that trade should be relatively in balance." [

cite paper
author = Richman, Raymond
coauthors = Howard Richman and Jesse Richman
title = Trading Away Our Future
version =
publisher = Ideal Taxes Association
date = 2008
url = http://www.idealtaxes.com
format = HTML
accessdate = 2008-04-22 ]

References

ee also

*Unequal exchange
*Fair trade


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