PAUL KRUGMAN, who won last year's Nobel prize in economics for his work on trade, wrote in 1993: "What a country really gains from trade is the ability to import things it wants.
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Countries export things in which they have a comparative advantage and import things in which their trading partners have the advantage.
You have to be able to manage staff and have financial nous – because equipment and many products are imported, even things such as the strong euro can have a significant impact on earnings.
By the time he was buried in Highgate Cemetery last week in a specially sealed coffin, Londoners understood that the dissidents and playboys spewed out by post-Soviet Russia had imported other things too: intrigue, shady pasts and grudges pursued with reckless brutality.
America imports many things (electronics, textiles, coffee, bananas) and exports others (cars, airplanes, software).
Instead we import big things from China, which this summer shipped the last of the enormous steel modules for the new San Francisco-Oakland Bay Bridge, to be assembled in America, though it wasn't manufactured here.
They're not actually importing those things or not in the quantities they're claiming because they're then turning around and making a much better profit by doing currency arbitrage than by importing condoms or diapers or what-have-you.
Coffee, it turns out, belongs with algebra and astronomy on the list of great things imported to Europe from the Islamic world at the dawn of the Renaissance.
SMUGGLERS complain that Egypt hampers three things imported through the blockade-busting tunnels that supply Gaza: weapons, dishwashers (their timers can double as detonators), and books.
The American and European sanctions imposed over the war in Ukraine and the Russian counter-sanctions, especially the ban on many imported foods, made things worse.
