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  • Foreign Affairs May/Jun 1998 77, 3 ABI/INFORM Global

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    vmendezr
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    This article discusses the difference between international trade in goods and services versus trade in currencies and capital. While trade in goods faces real constraints and creates real growth, trade in money alone does not provide the same benefits and can be driven more by financial speculation. The author argues that free capital mobility does not guarantee economic prosperity and countries should focus more on international trade policies that promote real economic activity rather than just financial flows.

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    This article discusses the difference between international trade in goods and services versus trade in currencies and capital. While trade in goods faces real constraints and creates real growth, trade in money alone does not provide the same benefits and can be driven more by financial speculation. The author argues that free capital mobility does not guarantee economic prosperity and countries should focus more on international trade policies that promote real economic activity rather than just financial flows.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
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    8 views6 pages

    Foreign Affairs May/Jun 1998 77, 3 ABI/INFORM Global

    Uploaded by

    vmendezr
    This article discusses the difference between international trade in goods and services versus trade in currencies and capital. While trade in goods faces real constraints and creates real growth, trade in money alone does not provide the same benefits and can be driven more by financial speculation. The author argues that free capital mobility does not guarantee economic prosperity and countries should focus more on international trade policies that promote real economic activity rather than just financial flows.

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    Attribution Non-Commercial (BY-NC)
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    of 6

    The capital myth: The difference between trade in widgets and dollars

    Jagdish Bhagwati Foreign Affairs; May/Jun 1998; 77, 3; ABI/INFORM Global pg. 7

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

    Reproduced with permission of the copyright owner. Further reproduction prohibited without permission.

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