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https://twitter.com/jchengwsj/status/1785519766351851659If you want to frame this all in comp advantage, look only to Adam Smith, arch free trade guy, who was well aware of the virtues of trade. He also despised mercantilism viscerally, if countries earning exp surpluses didn’t use their comp advantage to also then boost imports 2/5
https://twitter.com/fareedzakaria/status/1640058728752840707First look at the $ narrow trade weighted index DXY. It’s been soft but still a lot higher than 2-3 years ago 2/6
https://twitter.com/zichenwanghere/status/1599000126152118273They think the gdp target should be set at 5% or higher next year. Well if you believe in the practice - which many economists don’t - then to be fair, it’s do-able beating in mind China’s 2020 and our own 2021 covid bounces. Esp as q4 this year will be another negative 2/5