Export-Led Growth Is Just a Fallacy

A fruitful discussion this morning with my Mercatus Center colleague Dan Griswold prompts me to observe that "export-led growth" makes no more or less sense than does, say, "yellow-things-led growth" or "rectangular-things-led growth" or "things-that-grow-in-the-ground-led growth" or "things-the-French-language-names-of-which-start-with-the-letter-'T'-led growth."