Competition with China and Friend-shoring in East Asia ft. Noah Smith
The New Liberal Podcast
00:00
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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