1. The document discusses economic trends and the context of the church after the 2016 US election by analyzing global macroeconomic data from 1995 to 2006.
2. It shows how emerging low-wage countries like China accumulated large trade surpluses and current account surpluses, while the US, EU and Japan took on increasing debt burdens.
3. It also discusses Adam Smith's views on how a free market economy with voluntary beneficence can balance economic development and social welfare, as the basis for a market economy.
1. The document discusses economic trends and the context of the church after the 2016 US election by analyzing global macroeconomic data from 1995 to 2006.
2. It shows how emerging low-wage countries like China accumulated large trade surpluses and current account surpluses, while the US, EU and Japan took on increasing debt burdens.
3. It also discusses Adam Smith's views on how a free market economy with voluntary beneficence can balance economic development and social welfare, as the basis for a market economy.
