Scott Nelson’s Reviews > Trade Wars Are Class Wars: How Rising Inequality Distorts the Global Economy and Threatens International Peace > Status Update

To understand what drives international capital flows, we must understand what drives savings. Long term growth is determined by the growth of productive investment, funded by savings. A country can have more or less savings than it needs for investment purposes, so it must export or import the difference. The savings rate is not determined by cultural factors or thrift, but by income is distributed domestically.