USA is the world government from a money perspective. They can simply tax the world by printing dollars and sending them overseas.
Any lesson learned about decifits/surpluses from the US is suspect.
China’s Belt and Road Initiative /New Silk Road means owning parts of other countries is a terminal value.
Other countries mostly have net neutral imports/exports if I remember correctly.
The way you get rich in an economy is by producing more valuable things and trading for what you want and storing surplus currency (dollars at the world stage).
At times you need to give away your labor so as to start participating and get access, but you need to be getting stuff back to get richer in real terms.
No different than individuals in standard economies
USA is the world government from a money perspective. They can simply tax the world by printing dollars and sending them overseas.
Any lesson learned about decifits/surpluses from the US is suspect.
China’s Belt and Road Initiative /New Silk Road means owning parts of other countries is a terminal value.
Other countries mostly have net neutral imports/exports if I remember correctly.
The way you get rich in an economy is by producing more valuable things and trading for what you want and storing surplus currency (dollars at the world stage).
At times you need to give away your labor so as to start participating and get access, but you need to be getting stuff back to get richer in real terms.
No different than individuals in standard economies