the problem with recovery by export
14 4 9
see nerd)
Many countries plan to export out of recession. Unfortunately, this is a global recession. If most countries try to increase exports, and reduce imports, where do they export to? Countries not following this strategy are those already exporting; what are they supposed to do, switch to importing?
A strategy also mentioned is to innovate out of recession. Unfortunately, innovation requires investment. This recession follows the credit crunch; fewer banks are willing, or able, to loan.
Fortunately, not all investment is frozen, not all innovation requires investment. For example, I’m considering funding myself to build a software product. I’ll have to move somewhere cheap to live to avoid external support. I’ll spend the next few months researching.