Emeritus Prof Christopher May on Nostr: npub1wyu5t…6t407 That is correct for the overall global economy, but the IMF is ...
npub1wyu5tn758hc399kq7z0gcf0s4tqxs8z8rn2me5672pnks4429s2s66t407 (npub1wyu…t407)
That is correct for the overall global economy, but the IMF is measuring the openness of each economy - hence the sum of exports & imports and then aggregating it to give a global measure.... so the focus is national openness even thought the measure is expressed as a global proportion... hope that makes sense
That is correct for the overall global economy, but the IMF is measuring the openness of each economy - hence the sum of exports & imports and then aggregating it to give a global measure.... so the focus is national openness even thought the measure is expressed as a global proportion... hope that makes sense