Wednesday, August 26, 2009

How much Services can your economy produce and export?

How many services are really "tradeable" enough for an economy to depend for exports?

Which ones can the US or the UK or other OECD countries be "good"/globally "comparatively" competitive at?

And can they be "produced" in volumes and prices that can replace the exports of industrial goods? Or will they need to radically reduce their imports to achieve viable trade balances?

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