How the EU and the U.S. Fought a Banana Trade War

With tariffs and quotas the weapons, the 1990s banana trade war between the European Union and the U.S. was a classic except for one key difference.

B(T)FF… Best Trading Friends Forever

We can say that Mexico believes her top trading partner is the United States because the value of her exports to the US (2013: $370,826,831) added to the value of her imports from the US (2013: $370,746,056) is exceeded by none of her other…

Laotian Investing

Laos has a new stock market. Launched during January 2011, on its opening day, the Laotian Securities Exchange listed 2 state-owned businesses, a bank and a power company. News reports indicated that investor interest in their securities was considerable and…

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 world markets. Correspondingly, would China say yes to a…

More Than Chicken Feet

Chicken feet are back in the news. But the story is about much more. A delicacy in China, chicken feet are a perfect U.S. export. Except for animal feed, there is little demand for them in the U.S. By contrast,…