why would it do so?
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...and it also determines how much UK exports can be sold for overseas, helping or hurting local production
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exports pay for imports, so what happens when your local economy can import things that *its* exports didn't buy?
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Local production can pay for imports too, this has not yet been understood
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local production does pay for imports! all imports are paid for by some kind of production, question is whose
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And the conventional answer is, "Only those sold overseas." This is not correct, societies generate absolute wealth
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yes, the core error is thinking that sovereign states are useful economic units (only cities are)
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if you make a chair in Portland ME, sell in Portland OR, is that "sold overseas?" technically no, functionally yes
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Dagnabit, you're gonna make me write a white paper on this
End of conversation
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