Currency is a crazy thing. Wheelan in thés chapter gives us a look at international trade and currency and the PPP which stands for purchasing power parity. In English that means the worth of currency when purchasing things. Wheel an suggests that the global market is separated by the currency. Each government controls their currencies value. An undervalued currency makes imports taxed and exports subsidized. On the other hand over value in currency does the opposite. It makes imports cheap and exports less competively priced. Then there is the gold standard which standardizes currency but that is for another day.
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