The ideas in this volume are based on the authors' assumption that the deficit economy in which the United States finds itself will exist for the remainder of the century. They discuss what the consequences of a deficit economy mean for corporate finances and management. Nevaer and Deck suggest tools needed to cope with and survive a deficit economy. They address such concerns for executives as corporate debt policy, cash management, financial flexibility, project financing, and pension planning. Business Library Newsletter



While Nevaer and Deck underscore the need for a rational and realistic agenda to confront adequately the gravity of the problems the government has created by incurring massive federal deficits, they assume that policymakers will continue to disregard the dangers these problems pose and that members of the business community must be able to overcome and work around the challenges they represent. The authors discuss the ramifications of a Deficit Economy and its effect upon the national economy and business. They offer concrete proposals for avoiding common pitfalls and for developing strategies in order to survive. Finally, they provide an explanation of the international implications of high real intrest rates, trade deficits, and capital inflows from abroad.