The Mudcat Café TM
Thread #165570 Message #3986106
Posted By: David Carter (UK)
06-Apr-19 - 04:00 AM
Thread Name: BS: Brexit #3: A futile gesture?
Subject: RE: BS: Brexit #3: A futile gesture?
DMcG, how does a country assess whether a trade deal is to its benefit? To often this debate is set by the views of domestic producers. However consumers need to be considered also. A trade deficit is not bad per se, it means that consumers are getting lots of nice things from the country they are imported from. Neither imports nor exports are bad, really the benefit of the trade is the total volume, not the difference between exports and imports. And the problem is that the people doing the assessing, allegedly on behalf of the country, are looking at only one side.