In other words, US is the #1 backer if imaginary assets which are also the best trick used by major multinationals to shift their tax burden. In order to solve this problem US does not get rid of imaginary assets but raises the tax on the world.
Sure, so the competitive advantage of poor countries will be what -- low wages?
It could be worse. If these doesn't exclude small time exporters, and they need to report to foreign tax bureaus; I can see them having trouble doing any exports or having to go through intermediaries who will make additional charges.
Sure, so the competitive advantage of poor countries will be what -- low wages?
This is nothing more than ladder pulling.