Saturday, April 27, 2013

The killing of Britain's economic salvation – an export-led recovery


 A very interesting question for British economy in particular and the world economy in the future: If the country is becoming very service-oriented, the currency down-base may offer little helps to boost exports to recover the economy or may offer no helps at all. Furthermore, in a global depression, when all countries are suffering from downturn demand, it's very hard for exports to have big gains as in normal time.

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