The Economist reports that according to the IMF’s World Economic Outlook, the world exported $331 billion more than it imported in 2010. The Economist offers two potential explanations for this phenomenon

• Extraterrestrials are purchasing earthly goods. The Economist speculates that they may have acquired a taste for Louis Vuitton Handbags.
• There are statistical errors in the numbers that country’s report. And these errors are increasing at a faster pace.

To find out some of the potential reasons for the statistical discrepancy as well as why the world switched from a global current account deficit to a global current account surplus read the full report over here.

Source: The Economist