@MForstater look small in CA graph as are margins on price per kg. But not small when you consider scale of trade involved. Nor for that
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Replying to @alexcobham
@MForstater matter are Swiss (re)export amounts always 'tiny' - they are small in relation to declared volume of exports to Sui.1 reply 0 retweets 0 likes -
Replying to @alexcobham
@MForstater The margin on prices for exports to Swi vs that to RoW suggests $8bn dev loss annually. Small margins, big volumes => scale.1 reply 0 retweets 0 likes -
Replying to @alexcobham
@MForstater Only the top end estimates take Sui-declared margins as true, so the Sui export price dominates. But problem in price to Sui too1 reply 0 retweets 0 likes -
Replying to @alexcobham
@MForstater Hope this helps. Do let me know if there's anything else.1 reply 0 retweets 0 likes -
Replying to @alexcobham
@alexcobham - thnx Alex - actually Q was re the Zambia Copper calculation specifically ('80% additional GDP') - has@cgdev misunderstood?1 reply 0 retweets 0 likes -
Replying to @MForstater
@alexcobham e.g@owenbarder http://www.cgdev.org/blog/follow-money-illicit-financial-flows-and-development … http://www.cgdev.org/blog/illicit-financial-flows-and-three-ts-g-8-agenda-%E2%80%93-alex-cobham … both interpret the 'missing GDP' as from selling below mkt price1 reply 0 retweets 0 likes -
Replying to @MForstater
@alexcobham - actually figure comes from d between Swiss export price & world price (x Zam to Sw export volume) - or have I misunderstood?1 reply 0 retweets 0 likes -
Replying to @MForstater
@MForstater Zambia 80% is that difference indeed; but the problem documented applies to *both* prices to Sui below world P, & from Sui above2 replies 0 retweets 0 likes -
Replying to @alexcobham
@MForstater (Btw, you began q with $120bn which is not Zambia but the broader Swiss number)1 reply 0 retweets 0 likes
@alexcobham Oops. You're right. I think both no.s are hard to find credible (why did no one notice? ) but I meant to ask on Zam-copper
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