The resulting favorable balance of trade was thought to increase national wealth. Great Britain was not alone in this line of thinking. The French, Spanish, and Portuguese competed with the ...

Friedman added that "when people talk about a favorable balance of trade…it's taken to mean that we export more than we import. But from the point of our well-being, that's an unfavorable balance." ...

This is because the health care sector is a rare case in which the United States actually maintains a trade surplus with China and many China-based firms have developed a global footprint ...

The value of traded goods within the Philippines went up by 23 percent in 2024 from the previous year, despite the series of typhoons that hit the country in the fourth quarter.