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by Derekwkw on December 13th, 2006

Derekwkw

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Running a trade deficit is a good thing for less developed countries. Yet it is not desirable for well-developed countries. With reference to the foreign debt, explain why it could be true.

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  • by bowlinggreen on December 17th, 2006

    bowlinggreen

    Because first world countries such as ours want to control less developed nations, and trade deficits are one way of keeping them in economic bondage. Read "Confessions of an Economic Hit Man" to learn more about the tricks used by developed nations to keep third world nations down.

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