re: "you either have strong currency or strong exports"
if i understood correctly, you are stating that the only way to have strong exports is by having cheaper labor ("... losing jobs and industries to those nations that are willing to have expensive consumer goods for their populations in order to export more and import less.")
well, that is one (easy) way to do it, but it's not the only one. for example, you could have more productive labor. i think the fact that underdeveloped countries are still net importers of complex goods such as cars and computers, despite having the cheapest labor, supports this.
also if you allow for some poetry, i guess we could say that trust is like a baloon in the sense that a tiny hole can destroy it completely and abruptly
if i understood correctly, you are stating that the only way to have strong exports is by having cheaper labor ("... losing jobs and industries to those nations that are willing to have expensive consumer goods for their populations in order to export more and import less.")
well, that is one (easy) way to do it, but it's not the only one. for example, you could have more productive labor. i think the fact that underdeveloped countries are still net importers of complex goods such as cars and computers, despite having the cheapest labor, supports this.
also if you allow for some poetry, i guess we could say that trust is like a baloon in the sense that a tiny hole can destroy it completely and abruptly