No need to discuss defecit. That’s a totally unrelated item. My statement was purely about their infra and manufacturing lead in multiple sectors.
Imagine you are a top student and some other student suddenly gets better marks than you in multiple subjects. You do need to introspect and see where you can improve (Or if you even care about those subjects).
If you don’t care about infra and manufacturing, no need to sweat
And if you ignore the theory of comparative advantage, not only is it real, but it also matters. Otherwise, not.
I also run a consistent payment deficit with my barber. Should that be corrected?
No need to discuss defecit. That’s a totally unrelated item. My statement was purely about their infra and manufacturing lead in multiple sectors.
Imagine you are a top student and some other student suddenly gets better marks than you in multiple subjects. You do need to introspect and see where you can improve (Or if you even care about those subjects).
If you don’t care about infra and manufacturing, no need to sweat