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In the 1800s, opium brought into China by foreign smugglers led to a national crisis: Millions of Chinese became addicted, mass stores of silver flowed abroad, and China suffered defeats at the hands of British troops protecting the opium smugglers.
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Instead, the excess saving should flow abroad in search of better returns.
If that is correct, we can assume that capital flows abroad, accompanied by trade liberalization, can have a similar effect.
Since April, deregulation has made it easier for capital to flow abroad in search of better yields.
That money will flow abroad, to stimulate other countries' economies, with little of their rounds of expenditures finding their way back home.
The drop in inventory may presage surging imports as firms restock, meaning that growing demand will simply flow abroad, as has often happened.
Among other ills, it could lead to a deterioration in American living standards as money flows abroad to pay foreign creditors, leaving less to spend at home on critical needs.
If the American economy is at capacity, and the Fed is still trying to raise demand, and there is no domestic wage inflation then perhaps 100% of excess demand is flowing abroad.
The idea was that the rich countries would create ways to charge their companies for emissions of carbon dioxide, and some of this money would flow abroad for forest preservation.
The authors of the paper pointed to a series of specific circumstances that complicate, to say the least, the effectiveness of increasing public spending: How much stimulus money ends up flowing abroad?
Frederic Neumann of HSBC thinks allowing money to flow abroad could ease the "financial repression" of low interest rates for savers.Tantalisingly, Wen Jiabao, the prime minister, this week declared that the "monopoly" grip of state-run banks must be broken, and hinted that the reforms in Zhejiang would be expanded nationally if successful.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com