Not exact matches
Even China, North Korea «s longtime economic partner, has become tougher with
imports of North Korean goods to China
falling 87 percent from last year in the first quarter.
Spain could therefore either use the
imported German capital to (a) increase domestic investment (which it did in the form of a real estate bubble)(b) binge on consumption and sharply reduce its savings as a function of GDP (which it also did)(c) accept higher unemployment (which it is now forced to do) which forces GDP to
fall faster than consumption
falls or (d) try to emulate Germany by passing off a trade imbalance at the expense of the rest of the world (which Europe as a whole is trying to do and which will go nowhere in the long run because only one country is
even remotely capable of accepting such massive inflows, and it is increasingly unwilling to
import the unemployment caused by German and Asian policies).
-LRB-...) In South Korea, manufacturing contracted for the first time in five months in June and exports
fell for the first time since February — though an
even larger
fall in
imports kept Seoul's trade balance in surplus.
U.S. content in goods
imported from Mexico
fell even more — from 26 percent to 16 percent.
And China's steel exports have been
falling to the point where it wasn't
even on the radar screen when the US International Trade Administration reported on the top origins of
imported steel for the first nine months of 2017.
Even more dramatic are the routine U.S. military expenditures to protect access to Middle Eastern oil, which were calculated by analysts at the Rand Corporation before the most recent Iraq war to
fall between $ 30 billion and $ 60 billion a year, while the oil
imported from the region was worth only $ 20 billion.