Posts

medicine cabinet

The Role of Trade in Your Medicine Cabinet

Despite the diffusion of drug production globally, a full three-quarters of spending on medicines in the United States is on products that are manufactured domestically, by both American and foreign companies.

worker with helmet in front of steel sheet metal profiles

We are in a Trade War — With Ourselves

The few domestic companies that may (or may not) benefit from special treatment shouldn’t outweigh the costs for the rest of the economy.

Crane hook with steel pipes on the blue sky

The problem with U.S. tariffs on steel and aluminum that no one is talking about

The problem steels tariffs are supposed to address isn’t receiving much attention – a number of countries are undeniably engaging in unfair and even predatory trade practices in the steel and aluminum sectors which are damaging to their trade partners.

Steel Printing Cylinders

Steel Industry Illustrates Nuances of Modern Trade

When it comes to steel tariffs, we could be in a trade war — with ourselves.

snowboarding

Go on a “Rad Ride” to Find Out Where Your Snowboard is Made

Europe, North America, Japan and Russia are the biggest traditional markets for snowboarding. As the Olympic Winter Games kick off, the industry is hoping new events and even more spectacular tricks will provide “big air” to the sport’s popularity, particularly in Asia.

auto-electronic

Trade in Carputer Parts

The operator’s manual for the popular entry-level Honda Civic is 601 pages. It doesn’t fit in the glove box; it comes in the form of an electronic document to download, which seems appropriate considering the number of electronic components in the car. High-tech, high-cost, components are lightweight and positioned to move long distances on a just-in-time basis.

ford_gyron

The American, International Automobile Market

Every January, the global automobile industry gathers in the Motor City for the North American International Auto Show (NAIAS). In a celebration of ingenuity, companies display futuristic concept cars, present cutting-edge technologies, and promote their latest offerings.

Seamstress in a chinese textile factory

Export-Led Growth is Waning in East Asia

Changes are underway which could substantially diminish the relevance of export-led development strategies for countries in East Asia.

Emoji Head Woman using smart phone

Americans Can Smile About Their Place in the Global Economy

The global production of goods can be charted by each stage at which activity occurs and value is added. The great news is that Americans excel at the activities on the production curve that require the most creativity and know-how, and that generate the most profit.

Transformers showing both forms

Substantial Transformation: What are You and Where Did You Come From?

Most products today are the result of creative, physical, and intellectual efforts by people in different roles across the globe—they are designed in one country, their materials are procured in another, their components may be made and assembled somewhere else. Their “Made in…” labels only tell us the country where that product last underwent some significant change or “substantial transformation”. That’s just a snapshot of one stop on their journey