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Do you really think the mercantilist model is sustainable in the long run? It seems to me that it works great for playing catch up, but only if there are natio
by JPKab 7y ago
Do you really think the mercantilist model is sustainable in the long run? It seems to me that it works great for playing catch up, but only if there are nations willing to purchase your goods.
China doesn't have the domestic market they could have if they hadn't weakened their currency by transferring wealth from savers to the exporters.