giving up manufacturing share. This is just arithmetic.
As Joan Robinson explained, when some major economies control their external accounts and others don't, the resulting beggar-thy-neighbor imbalances will eventually force the latter into protectionism.
giving up manufacturing share. This is just arithmetic.
As Joan Robinson explained, when some major economies control their external accounts and others don't, the resulting beggar-thy-neighbor imbalances will eventually force the latter into protectionism.