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1. dredmo+(OP)[view] [source] 2023-07-27 07:47:11
Germany has also "climbed the value ladder" focusing on production of high-value goods whilst counting on imports to provide for low-value ones.

Some of that is of course classic Ricardian "comparative advantage" of trade. Much is, though, outsourcing high-impact / high-resource / high-effluent production to elsewhere.

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