Posts Tagged ‘exports’

  • McDonald's Delivers in Many Developing Nations.

    Purchasing Power

    Feb 22, 13 • 378 Views • 1 Comment

    The Big Mac Index is out again and not much has changed. Norway’s Big Macs are expensive and Chinese Big Macs are cheap. What do Big Mac prices tell us about purchasing power? Starting with an average U.S. price of $4.37, we can determine whether other...  [read more]

  • Is It Better to Outsource or Insource T-shirts?

    Manufacturing Matters in the US

    Dec 10, 12 • 299 Views • No Comments

    Hearing about an apparel firm that “insourced,” I confess I was not as enthusiastic as the report. The firm, American Giant, had just enjoyed a run on their hoodies. As a Made in the USA producer, they have the caché of a San Francisco factory....  [read more]

  • Invention, Profit and Economic Growth

    The Real Mother of Invention

    Oct 21, 12 • 525 Views • No Comments

    Saying that profit, not necessity is the mother of invention, economic historian John Steele Gordon starts his column in this week’s Barrons. His focus was the 18th century clipper ships that earned people like John Jacob Astor $50,000 for a single...  [read more]

  • US Chicken Paw Exports to China

    Chicken Economics

    Apr 14, 12 • 281 Views • No Comments

    Ten chicks. If I were teaching in Uzbekistan instead of Summit, NJ, I might have received 10 Serbian chicks as a part of my salary. According to Radio Free Europe, the Uzbek government partially paid certain teachers and doctors with chicks. Their goal was...  [read more]

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    Giraffes and Levis

    Mar 8, 12 • 229 Views • No Comments

    French fashion, food, wine and now a French giraffe. Most French moms buy Sophie for their newborns. Seven inches tall, with brown spots, black eyes and pink cheeks, she is just a rubber toy giraffe that squeaks. In French supermarkets, her price is $12. In...  [read more]