Nonsense. Importing "a lot of toys" makes us dependent on exporting nations to produce and sell us toys in the same light that they are dependent on us to purchase them!If we import a lot of toys, that doesn't make us dependent. It makes a wealthy nation that can afford to spend a lot of money on toys.
First off, it is not "my measure". Secondly, the international trade ratio provides a quantitative value to which we can use in comparison to other nations.IOW, your measure is woefully deficient to the purpose you have put it to. Economic dependency is complicated, and not subject to such a simple measure
By saying the U.S. is less reliant on trade than Germany; i am correct! If i was to say that we are less reliant on foreign oil than say Canada; that would be incorrect. It seems as though you cannot distinguish between the two statements, and therein lies your problem.
WTF are you even talking about? The statement made originally was that an economy whose GDP is more representative of international trade, will have a greater dependence on trade. Which is correct; if you have the ability to find fault in the comment, then by all means go for it.You are using circular logic here (ie "a dependent economy will import a large amount, therefor an economy that imports a large amount is dependent")
We also export more than many other nations (Saudi Arabia, Venezuela); the nominal sum of imports and exports in no way illustrates a specific economies trade dependence. You have to take into consideration a nationís total output in order to provide a valid relative comparison.And we import more than many other nations (Saudi Arabia, Venezuela, etc)
Then prove it.Maybe not even 50% accuracy. IOW, it's produces results that are worse than random
No. You made a piss poor argument that was supported by three articles in which you did not even read (otherwise you would not have presented them) that in no way validate your opinion. DRZ provided a quality argument that illustrated further observation would be required to produce "the most" accurate analysis. The international trade ratio is a quality method to determine relative trade dependence.He made the same argument I did, and even mentioned the same resource (ie oil)
Not only did you fail in that regard, but you neglected to provide (let alone review) any data that displays exactly how much of our total consumption is imported or how much of our total production is exported. Opinionated drivel might cut it at the coffee shop, but not in discussions with people who have a greater exposure/understanding of this particular topic.