Posts Tagged ‘WTO’

  • Big Macs and Currency Manipulators

    Oct 24, 12 • 364 Views • No Comments

    In China, a Big Mac costs close to the equivalent of $2.44. That same burger in the US is $4.20. The basic idea is PPP, purchasing power parity. The dollar can buy more when the yuan is undervalued. And President Obama and Governor Romney have both indicated...  [read more]

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    Doha Deadlock

    Apr 30, 11 • 296 Views • No Comments

    Can you convince a Lubbock, Texas cotton farmer (or his Congressman) to forgo his (maybe $150,000) cotton subsidy? Probably not. After all, these U.S. government payments let him profitably compete in world markets. Correspondingly, would China say yes to a...  [read more]