Posts Tagged ‘comparative advantage’

  • 15996_5.31_000009096130XSmall

    Cotton and Crocodiles

    Nov 9, 10 • 214 Views • No Comments

    A Malaysian proverb tells us, “Don’t think there are no crocodiles because the water is calm.” Looking at cotton markets, perhaps we should remember the crocodiles. According to The Wall Street Journal, cotton prices are soaring. Speaking as...  [read more]

  • 15988_11.5_000012357961XSmall

    Trash and Trade

    Nov 5, 10 • 234 Views • No Comments

    A WSJ article tells us “Memo to All Staff: Dump Your Trash.” But should they?According to the article, Texas state workers, Phoenix city workers, and Dartmouth college professors have all been told to take out the trash. Texas, as a result, is...  [read more]

  • 15916_9.29_000007709084XSmall

    More Than Chicken Feet

    Sep 29, 10 • 302 Views • No Comments

    Chicken feet are back in the news. But the story is about much more. A delicacy in China, chicken feet are a perfect U.S. export. Except for animal feed, there is little demand for them in the U.S. By contrast, the Chinese want our chicken feet. They are fat...  [read more]

  • 15676_5.31_000009096130XSmall

    Threatening the Life of a T-Shirt

    May 31, 10 • 214 Views • No Comments

    A typical t-shirt starts as cotton in Texas. Traveling by truck or train to California, it continues moving westward until it reaches China. In China, the cotton becomes yarn which is made into cloth which is made into  a t-shirt. With a “made in...  [read more]

  • 15531_3.18_29000006240820XSmall

    Ricardo and China

    Mar 18, 10 • 245 Views • No Comments

    What happens when you build an airport and nobody uses it?  China has an answer. Although China faces underutilization as it develops its transportation infrastructure in the air, by rail and roads,  it seems to be continuing. China’s...  [read more]