Entries by Andrea Durkin

SPAM: American Icon, Global Obsession

People eat SPAM on every continent, including Antarctica. How much? 12.8 cans every second. Hormel keeps adding new flavors, like SPAM Teriyaki and SPAM Chorizo, to whet global appetites. Thanks to international trade, SPAM finds itself the centerpiece of comfort foods all over the world.

Trade Illustrated

How is bread traded without a Bread Czar or a Minister for Flour? Inspired by the classic essay, I, Pencil, Professor Russ Roberts of Stanford University, offers an engaging and timeless story to explain the economic processes we benefit from daily without realizing.

FDI in the U.S.: Who, What, Where

In our Essential on Which Countries Invest and Employ the Most Workers in U.S. States, we introduce an online resource from SelectUSA that brings together data on foreign direct investment (FDI) in the United States in an easy-to-use interactive tool. You can explore the inward stock of FDI in the United States by country of origin, and see which industries attract the most investment, which states are the largest destinations of foreign capital, and where jobs are being created from these investments. Foreign investment is a big contributor to the U.S. economy, adding around $870 billion in value in 2014 and employing some 6.4 million American workers. FDI also drives more than one quarter of U.S. trade. Discover more at: […]

“De Minimis” Thresholds Are Not Trivial

Because most everything can be found online and purchased in small quantities, most consumers don’t see much difference between buying toothpaste from CVS online or purchasing an Alex Galchenyuk hockey trading card from Canada on eBay. But when the product is shipped across an international border, the “de minimis” rule is in play.

Speaking the Same Language in Trade

In 1963, the Pantone company created a system so that designers globally could reproduce identical colors based on a code. In the same way, the Harmonized System is used by customs agencies around the world to classify the products moving across thousands of borders at any point in time.

American Medical Technologies Have a Good Image Overseas, and That’s Good for American Jobs

Imaging software paired with sophisticated diagnostic equipment offers an amazingly detailed, 3D look inside the human body. Medical innovations support well-paying jobs in every state, from sonographers to medical software developers to medical equipment repair technicians. Expanding sales worldwide is a prerequisite to sustaining growth in these American healthcare jobs.