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Its not really to do with trade surpluses. They have not always had trade surpluses, indeed they mostly had huge banking and deficit crises a while back, the su
by justincormack 13y ago
Its not really to do with trade surpluses. They have not always had trade surpluses, indeed they mostly had huge banking and deficit crises a while back, the surpluses are more recent (Finland's started with Nokia, which at one point dominated the economy and trade).
- chongli 13y agoI was talking about trade surpluses in real goods. Banking (and other financial activity) is just a form of rent-collection that masks this effect.