View Single Post
Old 08-08-2007, 01:10 AM  
GreyWolf
So Fucking Banned
 
Join Date: Jun 2007
Posts: 2,036
PS Crap - yes, there are reasons why the trading balance can't run into a positive balance:

(a) Disproportionate consumption of oil - this accounts for around 45% of total imports. Those oil imports also mean a 50% consumption of the world's oil production - to service 5% of the world's population? Not sustainable.

(b) Disproportionate consumption of foreign product, combined with, presumably, an inability to manufacture that product within the country.

(c) Weak manufacturing base and not capable of matching production for export to match the level of consumption of imports.

Plus plenty more...
GreyWolf is offline   Share thread on Digg Share thread on Twitter Share thread on Reddit Share thread on Facebook Reply With Quote