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global trade up 50%
from 6.5 to 9.75
since the turn of the millenium
sound good
well no
since its not cash only based....================================
there's credit and portfolio jig jags too
cross payments rise and fall
gaps open and close
on a dynamic
at best
described
as very elastically
related to the trade flows below
and yet decisively
refracting that trade
none the lesstrade don't flow
accordin to
relative comp advantage anywhereso it ain't best of all possible
anywhere either
-------------------------we need lots of north south trade
just to send back profitswhich given the exchange rate tilt
are really three times too high anyway
as
if its not enough
to croak high wage jobs
at the north poleyou gotta reap where you haven't sown
from the south pole toobut thats the system...
to north pole trans nat corporate capital exporters
the ex-ported capital
has to get a nice pay back pluys a big "then sum" too
and
in hard north pole type currencyearned
any some howpossible
which boils down to
only by trading with the north pole
for hard currency------------------
technical transfers
are really all the south pole
wants from the north polebut .....
the price is far higherforget just a license fee
you get the trans nats themselves
yup
optimally and eventually
the whole domestic market system
commodity and capital alikegets openned uprolled clear
like a can of sardines" pick her clean if need be boyz ....
cause there's
plenty more like that down there "
--------------------------what would real international ricardian trade flow volume
look like ????who the fuck knows
Posted by lady eve at July 27, 2006 04:25 PM