THOUGHTS OF THE TIMES.
RUSSIAN FOREIGN TRADE, Among the elementary economic truths which Communist organisation makes mush easier to understand is the fundamental nature of foreign trade. The Russian understands very well that he does not send his wheat Or timber abroad with a view to “dom. iHating foreign markets,” or any of the other fantastic things which figure so largely in our own popular discussions of foreign trade. Tie sends wheat and timber abroad for the very obvious and sensible purpose of getting things' in exchange which he believes will be more: useful to him than wheat or timber. Tf he succeeds in greatly increasing his output of manufactures, the internal market will for many years be more than adequate to absorb all that can he turned out. One hundred and fifty million badly-cloth-ed people with primitive household appliances form a market the possibilities of which it will take a long time to exhaust. And if the time ever does c;ome for the export of manufactured goods Russia is not going to give them away, any more than the Americans give their motor cars away.
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Hokitika Guardian, 16 May 1931, Page 4
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186THOUGHTS OF THE TIMES. Hokitika Guardian, 16 May 1931, Page 4
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