"Are aliens buying Louis Vuitton handbags," asks The Economist, mulling over figures showing the...

|By:, SA News Editor

"Are aliens buying Louis Vuitton handbags," asks The Economist, mulling over figures showing the world exported $331B more than it imported in 2010. The number suggests global imbalances are not so bad as things like overinvoicing imports and underinvoicing exports for tax purposes could cause discrepancies. The bad news: Bad data could lead to policy mistakes (don't worry, good data does as well).