Who cares about bilateral trade deficits?
#EconSky
Here is a thought experiment:
#EconSky
Here is a thought experiment:
Comments
A has a trade deficit with B of 15tn and a trade surplus with C of 15tn.
B has a trade deficit with C of 15tn and a trade surplus with A of 15tn.
C has a trade deficit with B of 15tn and a trade surplus with C of 15tn
Who cares about bilateral trade deficits?