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Jobs Argument

Trade Balances on a Global Scale

Trade Balances on a Global Scale

It is interesting to look at this graph and assess the extremity to which some nations are 'consumer nations' and others are 'producer nations. ' The U.S. and China are a great example of opposite sides of the spectrum, where the trade balance is heavily on one side of the spectrum.

Source

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    http://upload.wikimedia.org/wikipedia/commons/3/32/Cumulative_Current_Account_Balance.png CC BY-SA.

Related Terms

  • Import Quota
  • Trade Balance
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