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That is an interesting view: Greece couldn't develop its domestic economy because nothing can compete with free. It's in the best interest of both to have bala
by janandonly 5y ago
That is an interesting view:
Greece couldn't develop its domestic economy because nothing can compete with free. It's in the best interest of both to have balanced trade.
If you look at it like that, then the best a country can do for another nation is to “give” Marshall-plan style gifts: you basically get IOU’s that can only be spent back in the country that donated them. Like the USA gave European nations dollars with the objective to spend them again in the USA to buy farming machines and other useful stuff.
The USA got a lot of export kickstarted this way as well.