Australia has a lot of foreign businesses and it has a lot of immigrants. Both earn Australian dollars and huge amounts would be sent back their country of origin.
His does Australia balance its books on something like this? How do the economics of it work? Would it lower Australian inflation but shortening the money supply, and raise inflation of the destination country as it prints more money to exchange the Australian dollar?
A huge deal of China’s emissions come from it being the workshop of the world, yes. So in a way, a big quantity of China’s emissions are western goods to be used and sold in western countries that western companies profit off of, who’s production emissions get chalked up to China.