Posts Tagged ‘comparative advantage’

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    Chinese State-Run Firms

    Feb 24, 12 • 451 Views • No Comments

    Where would your cell phone, your car, your gasoline, your savings account and the TV station you watch all have one thing in common? China. Called state capitalism, 45% of the Chinese economy is owned or controlled by the government.  With 655 million......  [read more]

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    Locavore Legislation

    Dec 3, 11 • 360 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 • 423 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 • 532 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 • 624 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]