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42 sats \ 1 reply \ @Aardvark 6h \ parent \ on: Does the US have Dutch disease? econ
If that were the case, then I don't think we would be in a trade deficit and certainly not for decades.
There certainly might be a relationship between those things, but I'm not sure there has to be.
I think it's more that exporting dollars causes a trade deficit and poor countries subsidize their export manufacturing industries. Since they rely on labor intensive manufacturing, America is left specializing in high-tech processes.
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