I suppose that’s better For developed economies they’re often good because they signal wealth and a robust relationship with the global economy
I suppose that’s better For developed economies they’re often good because they signal wealth and a robust relationship with the global economy
Exactly. And they can be bad if an under developed country is harvested for its goods for pennies on the dollar. But, in other scenarios, it’s just that a country produces a less expensive product while getting a more expensive product, right?
It has been way too many years since my macro and micro classes.