Showing posts with label over-dependence on foreign trade. Show all posts
Showing posts with label over-dependence on foreign trade. Show all posts
Tuesday, August 7, 2012
Their way or the highway?
Countries with large trade surplus take pride in their capabilities.
They sound like entrepreneurs who think they succeeded on their own.
They also sound like the scorpion in the Scorpion and the Frog.
Friday, June 26, 2009
over-dependence on foreign trade?
According to the German Finance Minister, Germany must begin to reduce its dependence on foreign trade.
My comment:
1. does that include intra-EU trade?
2 should the EU (as a whole) do the same?
3. others (countries or "regions" (eg Mercosur, ASEAN, etc)?
One of the "troubles" with foreign trade is that even today it is not "free" (of quotas and tariffs) even between the WTO (ex-GATT) member countries and that economies, most if not all, that relied up to 50-80% on exports trade are being hit the hardest by the global economic crisis.
My comment:
1. does that include intra-EU trade?
2 should the EU (as a whole) do the same?
3. others (countries or "regions" (eg Mercosur, ASEAN, etc)?
One of the "troubles" with foreign trade is that even today it is not "free" (of quotas and tariffs) even between the WTO (ex-GATT) member countries and that economies, most if not all, that relied up to 50-80% on exports trade are being hit the hardest by the global economic crisis.
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