Great insights about foreign assets and holdings contributing to national income. And the issues associated with such colonised or market based ownership in other countries. Britain and France used as case studies.
An interesting analogy given for trade deficit. The worker has to work harder to provide the hike in the rent charged by the landlord. The landlord in turn uses that money to buy more of the building so that he can charge others as well :-)
Quite interesting that there have been discussions about export based economy and overseas holding in pure economic terms without talking about the ideology and social impact.
Will wrap up the chapter tonight and get to India's colonial case by tomorrow.
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