Globalisation may reduce surpluses’ negative effects – paper
Nations recording surpluses do not necessarily create imbalances abroad, argues analysis
The increasing global integration of production may have modified some of the negative economic effects associated with big current account surpluses, says an analysis published by the National Bank of Denmark.
“Globalisation implies that goods sold abroad by Danish firms to an increasing extent are completely or partially produced abroad,” the report says. The net profits derived from the sale of goods produced by Danish firms not crossing Danish borders has increased to over 4% of Denmark’s
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