One of the most important aspects of the economy is the role of imports vs exports and which is more "desirable".
1/x
1/x
On paper, accounting shows us that exports are a real cost and imports are a real benefit.
Trading paper for real resources is a win based on accounting identities and truth is, under blue sky, the world is stable kind of circumstances relying on the accounting identity is a perfect way to see them.
However, during the pandemic, we learned a whole lot about supply chains (still learning!) and it is clear that global supply chain management failed us all during a pandemic.
So the function of supply chains and availability of vital materials (semiconductors, toilet paper and medicine) becomes a cost or a benefit depending on how your purchasing goes.
2 separate ideas. 2 diametrically opposed outcomes.
My take? Exports are always costs (real goods leaving the nation) and could cause supply issues in domestic markets. Imports are real benefits... Until the supply chain breaks.
How do you balance logistics with accounting?
My take? Exports are always costs (real goods leaving the nation) and could cause supply issues in domestic markets. Imports are real benefits... Until the supply chain breaks.
How do you balance logistics with accounting?
Just remember..
Finance is not a "real resource"
Finance is not a "real resource"
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