Jon Sindreu on Global Financial Flows and the Balance of Trade
Macro Musings with David Beckworth
00:00
Trade Balances Are a Lot More Complex Than You Think
Aglomeria: China has been very deliberate in the kind of path towards economic growth that they've chosen. Am, aero space is an area only available to very advanced countries because it's technologically complex. By developing their own plane, china will take the market away from european and us companies. And i think this sort of more geo political, zero sum reality of trade doesn't have an easy fix. It also has a lot to do with regional inequalities,. And where the tradeable jobs are placed.
Transcript
Play full episode
