Re:Why Isn’t the Whole World Rich?
by imtringued on Thursday November 24, 2022 @06:20AM
(#33730068)
Ok but why are poor countries financing the rich countries in this scenario?
I mean think about it. Country A borrows from Country B and buys Country B products, which effectively finances Country B companies. This is particularly bad when the imported products aren't physical capital but basic necessities.
I mean think about it. Country A borrows from Country B and buys Country B products, which effectively finances Country B companies. This is particularly bad when the imported products aren't physical capital but basic necessities.