More than its low labor costs, Mexico is attracting car manufacturers away from the U.S. because it has free trade agreements with more than 40 countries.
Like a dysfunctional family with members who dislike each other, the EU stays together because of the benefits of David Ricardo’s comparative advantage.
Our Econlife roundup for the week 7.14.14 An island without traffic lights displays the benefits of Adam Smith’s laissez-faire…more 7.15.14 Why David Ricardo would approve of where your sneakers were made…more 7.16.14 John Maynard Keynes could say why you’ll get less Social…
While the uniforms, boots and other items worn by the military are supposed to be 100% “Made in the USA,” exceptions are okay if we cannot make what they need. Athletic shoes became one of those exceptions when the Defense…
I suspect that my new LG washing machine was more expensive than it should have been. Made by a South Korean firm, this washing machine (and others like it) was the target of a complaint that Whirlpool filed with the US Department…
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