Mapped: The World’s Biggest Importers in 2018
If a country’s economy was entirely self-sufficient and independent, it wouldn’t ever need to import goods from elsewhere.
While the prospect of insulating yourself from the turbulence of global markets may sound alluring at first glance, it would come with considerable caveats, risks, and downsides.
Not only would it mean missing out on the world’s best foreign products, but it would likely translate to incredibly expensive goods domestically. Meanwhile, highly specialized products would be unavailable, and unforeseen events (natural disasters, labor strikes, droughts, etc.) would have the potential to disrupt supply chains in ways that lead to economic chaos.
For these reasons — along with many others — most economies opt to import in billions of dollars of goods each year from their international trading partners.
Συνέχεια ανάγνωσης εδώ:
