Clever Geekess
tofugolemSorry to keep talking about the same thing, but I feel I must.
If you look at trade deficit/trade balance numbers over time, you can clearly see vast amounts of wealth being transferred from the poorest countries to developed nations.
This will be the legacy of our era: making poor countries even poorer just so we could buy more trinkets for ourselves.
How many starved to death so that we could live easier lives?
Trade balance of developing and developed countries continues to converge, UNCTAD statistics show
Developing economies ran a combined merchandise and services trade surplus for 2013 of $177.6 billion, the UNCTAD Handbook of Statistics 2014 reveals, representing a fall of 40 per cent as measured in current prices compared with 2012 and 63 per cent compared with the peak in 2007. Transition economies also ran a trade surplus in 2013 of $128.6 billion. This represented a fall compared with the previous year (21 per cent) and with the peak in 2011 (33 per cent).