Tag Archives: Trade Deficit

Large economies like the EU Single Market all tend to produce goods and services near the financial centre of the economy or, in the case of very large countries, in two or three economic centres.  Having been produced centrally the goods are then sometimes finished locally or distributed from local …

I have just finished reading yet another article on how Trade Deficits are harmless or even good for a country (The Trade Deficit Matters, But Not How You Think by Jeffrey Dorfman). Trade deficits happen when a country imports more than it exports, the excess imports need to be purchased …