> Everyone knows that the US balance of > payment deficit an engine of growth on the Asia-Pacific region and China is > biggest beneficiary there. What domination/subordination model is involved > here? > > Ulhas
- US trade balance deficit means that the USA pays only 75% of its importations. The counterpart of the 25% gap is an obliged investment, that is a transfer of capital, from the creditors, into the economy of the USA. A quantum of labor which is not paid. Such is the "domination/subordination model". RK
