

The Fundamentals of International Trade They Don't Want You to Know
Dec 26, 2023
Explore the confusion surrounding global exchange and expose the misuse of statistics by politicians. Learn about the criticism of globalization and the importance of imports over exports. Discover how a trade surplus can benefit an aging population and the insignificance of bilateral deficits and surpluses. Analyze the US trade deficit and its connection to the capital account. Understand the significance of foreign investment in the US economy.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
Criticism of Globalization and Misconceptions about Trade Objectives
01:43 • 2min
The Benefits of Trade Surplus for an Aging Population and the Insignificance of Bilateral Deficits and Surpluses
03:58 • 2min
Analyzing the US Trade Deficit and Capital Account Surplus
06:04 • 2min
The Significance of Foreign Investment in the US Economy
07:41 • 2min