2min chapter

The New Liberal Podcast cover image

Competition with China and Friend-shoring in East Asia ft. Noah Smith

The New Liberal Podcast

CHAPTER

Don't Be Afraid of the Imports. Pump Up the Exports

Krugman wrote a theory about how it can benefit countries to sell exactly the same sort of products to each other. Economics does not have to be zero-sum, that's why economic growth exists. And so my message is don't worry about the imports. Don't be afraid of the imports. Pump up the exports.

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