Posts Tagged ‘comparative advantage’

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    Locavore Legislation

    Dec 3, 11 • 248 Views • No Comments

    Being a locavore can be confusing. Eating broccoli from the local farm stand tastes good and makes many of us feel good. It is a pleasure to support local farmers and get vegetables the day they were picked. On the other hand, inefficiency is one huge...  [read more]

  • The Panama Canal Project Facilitates World Trade.

    The Fabric of Free Trade

    Oct 14, 11 • 297 Views • No Comments

    The roof of the big-box store near your home could contain fabric that was made in Greensboro, N.C. Transported in rolls that are 12 feet wide and 5,000 yards long, this material is also made in South Korea. Until now, U.S. textile firms could compete against...  [read more]

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    Emerging Economies

    Aug 30, 11 • 376 Views • No Comments

    The world is shifting. More than one-half of the world’s car sales, mobile phone subscriptions and oil, copper and steel purchases came from emerging markets during 2010. Here you can see the same story through these export and import, global GDP, and...  [read more]

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    “Made in the USA”

    Jul 2, 11 • 405 Views • No Comments

    According to USA Today, “The two ‘most American’ cars are Japanese.” Cars.com has an American-Made Index. Ranking vehicles by sales, where they are made, and the origin of their parts, they concluded that the Toyota Camry is the most...  [read more]

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    Where Did Your Tuna Fish Come From?

    Jun 22, 11 • 211 Views • No Comments

    The tuna you had for lunch might have been caught in the Pacific, processed and canned in Thailand, and flown to a Wal-Mart warehouse in the U.S. Concerned about monitoring quality, a recent report from the Food and Drug Administration (FDA) tells us that...  [read more]