Economic Effects Of War
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...to maintain a trade surplus than to carry a trade deficit, for several reasons. The most obvious of these reasons is that if the people of the country are very poor, then they have little if any discretionary income with which to purchase imported items. Some governments of poor countries can have much more extensive financial resources while the citizenry lives on a subsistence level, but without a strong economic base, not even the government can generate a significant trade deficit.
Without some means of building a strong economy, this nation is likely to remain poor. As example, Nepal and Singapore were on equal economic footing in 1960,...
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