Re:Sri Lanka is having a textbook currency crisis, triggered...
by pjc50 on Wednesday July 13, 2022 @03:33AM
(#32079936)
A phrase to remember: "Exports are made out of imports". Almost every export industry depends on an import in its production chain somewhere, which is why trade wars and sanctions are so destructive. Import-substitution planned economies have to be very clever about how they approach this to get it to work.
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