CEPR Seminar: Trade - What Are the Gains and Who Gets Them

[3swoosh2]

yup, well u understand it ;) was bout ready to get bashed by some youtube fascist for having an opinion that differs from fox.

[3swoosh2]

World trade is extremely simple: 1st world import only raw materials from, and export only finished products to 3rd world raw material producing countries. 3rd world import only finished products from and export only raw materials to 1st world countries. The added value of a 1st world finished product sold in 3rd world pays way more than the original raw materials and creates jobs in 1st world.

[kuonankrma]

World trade is not that simple. Simpleton.1st world manufactures in 3rd world. Have easier acces most times monopoly on the raw materials. They export the jobs from 3rd world to 1st world (by means of expats) The added value is not transported back into the 3rd world but is spend on other venues in the 1st world. A system designed to keep "3rd worlds poor"