
The Fundamentals of International Trade They Don't Want You to Know
Cato Podcast
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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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