A year ago, China filed a formal complaint with the World Trade Organization (WTO). Targeting the European Union and the United States, China’s goal was to have its economy called a market. The case is huge. Its results could transform…
The Brexit impact could include McDonald’s Big Macs if the United Kingdom winds up with tariffs on cheddar cheese from Ireland.
Like sparkling wine that is called Champagne and cheese that is Parmesan, Mexican tequila is legally protected, even with Desperados tequila-flavored beer.
Like a contentious divorce, Brexit negotiations take us back to an EU exit precedent and forward to untangling countless agreements and regulations.
Surprisingly significant, the EU’s opposition to blue wine reflects how regulation constrains the innovation that creates productivity and economic growth.
Russia has committed fromagicide. Our (vastly simplified) story can start with Russia’s policy in Ukraine. Next we had trade restrictions from the U.S., EU, Australia, Canada and other nations. Then Russia responded with new trade rules that banned a long list of…
Involving ideas about free trade, national sovereignty, regulation and European unity among 28 nations, a Brexit decision is more complex than it appears.
Like a dysfunctional family with members who dislike each other, the EU stays together because of the benefits of David Ricardo’s comparative advantage.
Looking at internet connectivity as a part of the EU’s information infrastructure, we can see how Italy is behind and reflects member nation contrasts.