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If every country refused to trade with Russia, would it become one of the poorest countries in the world?
by whiskyant 5y ago
If every country refused to trade with Russia, would it become one of the poorest countries in the world?
- errantmind 5y agoThis isn't what is happening nor what will happen, so why ask?
- ComradePhil 5y agoTrade is two-sided and every participant is richer as a result. So, if trade doesn't happen, both sides become poorer as a result.
- jquery 5y agoIf I refuse to trade with the world, the world becomes infinitesimally poorer, but I become radically poorer. Russia is relatively small compared to the global economy and will suffer much more than everyone else.