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Doha Deadlock

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…

Free Trade

KORUS has been in the news. The Korea-U.S. Free Trade Agreement, negotiated in 2007 but not ratified by Congress, was in trouble. One reason was Ford. With a 1% share of the South Korean car market, U…

Cotton and Crocodiles

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 …

A Sweet Free Trade Zone

Economically speaking, Tootsie Rolls are special. In 2009, U.S. sugar beet prices (at 27.2 cents/lb.) were more than double the world price of cane sugar (13.8 cents/lb.)  Consequently, almost an…