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Politics : Formerly About Advanced Micro Devices
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To: steve harris who wrote (234929)5/29/2005 9:36:23 PM
From: neolib  Read Replies (1) of 1572211
 
Their unemployment is indeed high, but their balance of trade is rather different from ours. One can have higher employment in exchange for debt accumulation, but that game ends at some point.

This comparison shows that the listed countries, in particular China, profit from international trade. For the first time, China replaced Japan at No. 3 among the world's biggest exporters in dollar terms last year. But at $593 billion, China's goods exports still fall far short of those of the United States, at $819 billion, and Germany, with $915 billion. Incidentally, neither the United States nor China or Japan could rival the European Union if it appeared as a single economic area. According to the WTO, the EU exported goods worth €1,203 billion ($1.573 billion) last year.

Above data is for 2004 from here:

yaleglobal.yale.edu
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