Tagged with: leakage
Leakage, and hot air
Michael Burke 13/09/2010
Michael Burke: One of the main objections to the government adopting measures to boost the economy is the concept, or more accurately the notion, of 'leakage'. That is, the mantra goes, we are a small open economy and if the government boosts activity it will all leak abroad via imports. This objection would be simply ridiculous, if the outcome …
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