ext_4166 ([identity profile] erudito.livejournal.com) wrote in [personal profile] catsidhe 2006-01-05 05:16 am (UTC)

Trade

Trade volumes move around a lot from year to year. Those results don't actually mean anything much.

And the idea that exports representing "winning" and imports represent "losing" is a seriously inadequate way at looking at trade which Adam Smith, among others, demolished more than two centuries ago. Do you really think every time you buy something, you're a loser? (In which case, why do you keep doing it?)

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