Perhaps the most common is that somehow exports are good and imports bad. Exports are useful because we need the money to pay for the imports we want. There are related misconceptions about the exchange rate. While it can be necessary at times, a falling exchange rate is not good in itself. Another misconception arises because when you think of trade you probably are thinking of firms in one country selling cars or wine or fridges to…

Source: The Times January 08, 2018 00:05 UTC