MarjorieR on Nostr: npub1g0tuf…3tvm4 just on a technical point, the IMF measure of trade intensity is ...
npub1g0tuf634rz4suczwj7kgnecr6cyt0eu9xmp3sp0fku68mqehq4msp3tvm4 (npub1g0t…tvm4) just on a technical point, the IMF measure of trade intensity is (imports+exports) /GDP.
Isn't this double counting, since worldwide imports must equal exports? One country's export is also another country's import, there is only one physical or financial transfer.
So worldwide trade now accounts for ~27% of GDP not ~55% as shown.
Isn't this double counting, since worldwide imports must equal exports? One country's export is also another country's import, there is only one physical or financial transfer.
So worldwide trade now accounts for ~27% of GDP not ~55% as shown.