Given CATO's theory that trade deficits are linked to low unemployment, Egypt should have a severe worker shortage by now.
Given CATO's theory that trade deficits are linked to low unemployment, Egypt should have a severe worker shortage by now.
Off hand I’d have thot international payments was pretty low on Egypt’s list of concerns, but no way we can say it was their trade deficit that caused the coup...
I wish I had a link to that. I can't, off the top of my head, understand the connection between employment and trade balances. I'm tempted to call it a crock, but, of course, will not till I've read more.