Posts Tagged ‘comparative advantage’

  • 16266_3.29_000014742974XSmall

    The Missing Sensor

    Mar 29, 11 • 227 Views • 1 Comment

    According to one estimate, worldwide auto production could slide by 30% because Hitachi Automotive’s Sawa Ibaraki Prefecture plant was debilitated by Japan’s earthquake and tsunami. Hitachi Automotive makes the air flow sensors that are crucial in...  [read more]

  • 16167_2.2_000010554668XSmall

    When is 60 a Good Grade?

    Feb 2, 11 • 203 Views • 1 Comment

    At 60.8 percent, the Institute for Supply Management’s (ISM) measure of manufacturing activity was way up, far more than anyone expected. Reflecting expansion, any number above 50 is good. So robust a number takes us to a question. If production is...  [read more]

  • 16068_12.15_000013835769XSmall

    Big Boxes

    Dec 15, 10 • 275 Views • No Comments

    What we ship things in makes a difference. Take the banana, for example. In 1876, at the Philadelphia Centennial Exposition, the banana was a delicacy (and very black). Millions of bunches could only be sent to U.S. shores if they were refrigerated. By 1901,...  [read more]

  • 16066_12.14_000005316218XSmall

    Supership Problems

    Dec 14, 10 • 294 Views • No Comments

    When is a supership a problem? When the water is not deep enough or the Bayonne Bridge is not high enough. To understand the Bayonne Bridge problem (and care about the answer), we have to look back to August 1914 and then ahead to August 2014. The Panama...  [read more]

  • 16002_11.12_000007395743XSmall

    Free Trade

    Nov 12, 10 • 274 Views • No Comments

    KORUS has been in the news. The Korea-U.S. Free Trade Agreement, negotiated in 2007 but not ratified by Congress, was in trouble. One reason was Ford. With a 1% share of the South Korean car market, U.S. automakers want more. One of the bigger sellers of Ford...  [read more]