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If that were true, when we impose sanctions and embargoes on countries, their economies would surge.
by skookumchuck 8y ago
If that were true, when we impose sanctions and embargoes on countries, their economies would surge.
- groestl 8y agoIt's readily visible that Country A wouldn't go anywhere without trade, so I don't know why you would think that sanctions and embargoes (which are actively hostile to a country's economy) are a drop-in replacement for protectionism in the model. There are a trillion ways to tie your shoes wrong, and only a handful ways to do it right. It does not help when the one who does the tying is the one who wants you to fall.
- skookumchuck 8y agoThey can always trade their labor and offer a business-friendly legal environment. They can also borrow money to start businesses.