2 ms·
I agree that those are great examples of good trade products: luxuries relatively region locked that you don't really need, but enhance quality of life. These p
by somenameforme 1y ago
I agree that those are great examples of good trade products: luxuries relatively region locked that you don't really need, but enhance quality of life. These products, if suddenly unavailable, might cause some discomfort but not much more than that.
This is, in large part, why sanctions wars are playing with fire given our current status of trade. We, with "we" being most of 'advanced' economies, export discretionary/luxury goods and import critical/core ones. Even if the discretionary goods have a far higher $ value, they really just don't matter - it's those core goods that keep the gears of a nation turning.