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2min chapter
The Fundamentals of International Trade They Don't Want You to Know
Cato Daily Podcast
The Benefits of Trade Surplus for an Aging Population and the Insignificance of Bilateral Deficits and Surpluses
This chapter explores how a country with an aging population can benefit from a trade surplus by investing its savings abroad, thereby exporting money through trade. It emphasizes the insignificance of bilateral deficits and surpluses compared to the overall trade balance.
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