An article in the Economist observes that Chinas decades of [current account] surpluses reflected the fact that

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An article in the Economist observes that “China’s decades of [current account] surpluses reflected the fact that for years it saved more than it invested.” Briefly explain why a country’s current account tells us something about the level of saving in the economy relative to the level of investment. 

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Economics

ISBN: 9780135957554

8th Edition

Authors: Glenn Hubbard, Anthony Patrick O Brien

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