Quote by Martin Feldstein
The only way that we can reduce our financial dependence on the inflow of funds from the rest of the world is to reduce our trade deficit.
Summary
This quote suggests that in order to decrease our reliance on external sources of money, it is necessary to lower our trade deficit. By addressing the imbalance between imports and exports, we can improve our economic independence by minimizing the need for foreign funds. By focusing on increasing exports or decreasing imports, we can promote domestic industries and generate more income domestically, ultimately reducing the need for financial assistance from other countries.
Topics
Finance
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