How An Economy Grows And Why It Crashes [V]

The third stage focuses on international trade relations. The Middle Island Empire in this book alludes to China while the United States of America alludes to the People’s Republic of China. It demonstrates that while the United States consumes a lot, China produces and sells a lot. Trade deficits between the two nations are still present. Equal commerce between wealthy and developing nations is impossible. There is a significant risk of collapse in the United States since it has struggled to make ends meet for many years.