Of course you can. As I said, you can make yourself poorer, but not less competitive, if "less competitive" means less able to export as much as you import.
Of course you can. As I said, you can make yourself poorer, but not less competitive, if "less competitive" means less able to export as much as you import.
Ok, I see what you mean. I was thinking of competitive in terms of "being a place people want to produce things, or build a factory etc." I think the notion of "competitive" is very different across people, probably across time for the same person as well. If one is thinking of competitive in terms of "American businesses are better off subcontracting to Chinese plants because production is too expensive in America", regardless of import/export ratio, that is a little different.
Of course you can. As I said, you can make yourself poorer, but not less competitive, if "less competitive" means less able to export as much as you import.
Ok, I see what you mean. I was thinking of competitive in terms of "being a place people want to produce things, or build a factory etc." I think the notion of "competitive" is very different across people, probably across time for the same person as well. If one is thinking of competitive in terms of "American businesses are better off subcontracting to Chinese plants because production is too expensive in America", regardless of import/export ratio, that is a little different.