Adam Smith's Enlightened World
International Trade
The Division of Labor and the Diminution of Man - Econlib
The elderly patient presented with difficulty walking. The patient was referred to an orthopedic surgeon, who traced the problem to osteoarthritis in the patient’s hips, knees, and feet. An otolaryngologist saw the patient and diagnosed a malfunction of the inner ear, the organ of balance. A consultant neurologist determined that the patient was suffering from […]
The dollar is surging. This is who gets helped — and hurt — by its newfound strength
The U.S. dollar is the strongest it has been in 20 years. As it strengthens, other currencies — like the pound — weaken. That's good news for U.S. consumers and importers but bad news for others.
India considers curbs on exports of 100% broken rice
India, the world's biggest rice exporter, is considering whether to restrict exports of 100% broken rice, government and industry officials told Reuters on Friday, after the paddy area has been reduced by a lack of rainfall.
Sony hikes PlayStation 5 price across most of the globe except the US
Another painful price increase.
Visualized: The Value of U.S. Imports of Goods by State
U.S. goods imports were worth $2.8T in 2021. From east coast to west, this visualization breaks down imports on a state-by-state basis
Consumers will pay more for American-made products, but inflation takes a toll: poll
A Retail Brew/Harris Poll survey found that consumers want more US-made products, but there are limits to how much more they’ll pay
Ranked: The World’s Largest Container Shipping Companies
In this infographic, we rank the world's 10 largest maritime shipping companies by container capacity and fleet size.
EXPLAINER: What's the impact of euro parity with the dollar?
The euro has hit parity with the dollar , falling to its lowest level in 20 years and even skirting just below a one-to-one exchange rate with the U.S.
The dollar is surging: Who wins and who loses?
As a mighty dollar ripples through the global economy in profound ways, its impacts are being felt unequally.
Mapped: The Top U.S. Imports by State
Petroleum is the top import in twelve states, making it the most commonly imported commodity across America. Here are America’s top imports.
Made in America: Goods Exports by State
The U.S. exported $1.8 trillion worth of goods in 2021. This infographic looks at where that trade activity took place across the nation.
Mapped: The Top U.S. Exports by State
From Nevada gold to Maine’s top-tier lobsters, here are America’s top exports by state.
Sri Lanka's crisis cripples once burgeoning middle class
COLOMBO, Sri Lanka (AP) — Miraj Madushanka never thought he'd need government rations to ensure his family could eat two meals a day, but Sri Lanka’s economic crisis, the worst in its history, has recast his life and those of many others in its burgeoning middle class.
What does it mean for a company to use a ‘Made in USA’ label?
As more companies bring manufacturing stateside, here’s what they can and can’t say about being American-made.
Biden orders emergency steps to boost U.S. solar production
WASHINGTON (AP) — President Joe Biden ordered emergency measures Monday to boost crucial supplies to U.S. solar manufacturers and declared a two-year tariff exemption on solar panels from Southeast Asia as he attempted to jumpstart progress toward his climate change-fighting goals.
NASA just picked these 2 companies to build next-gen spacesuits for the moon, space station
The contracts will support the International Space Station and the Artemis moon program through 2034.
Michigan's farmers have a problem. And you're paying for it
"Farm families are holding their breath at the moment," said John Delmotte, a grower in Monroe County's Raisinville Township.
Apple’s self-repair program disappoints right-to-repair advocates
It’s time-consuming, expensive, and difficult.
US dollar could reach parity with the euro this year
Book your European vacations now.
Teaching Economics: Classroom Trading Game (Gains from Trade)
Get your students engaged in econ with a classroom trading game. As trade expands, wealth increases, allowing students to experience for themselves the power...
America’s baby-formula shortage exposes the risks of US-first trade policies and strict regulation - Robinhood Snacks
Endless “sold out” shelves… not again. A baby-formula crisis is rippling through the US, forcing parents to ration supplies or drive hours in...
Palm oil is in half your groceries. Here's why prices might shoot up
Indonesia will start restricting exports of palm oil this week, a move that could make the global food crisis worse and push up the prices of hundreds of consumer products.
Indonesia widens export ban to include crude palm oil
The ban adds more uncertainty to a global food market suffering from wild price swings.
Why Global Supply Chains May Never Be the Same | A WSJ Documentary
Every day, millions of sailors, truck drivers, longshoremen, warehouse workers and delivery drivers keep mountains of goods moving into stores and homes to meet consumers’ increasing expectations of convenience. But this complex movement of goods underpinning the global economy is far more vulnerable than many imagined. Photo illustration: Adele Morgan
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China’s lockdowns are a greater threat to inflation today than in 2020, Bernstein says
From electronics to auto parts, the world has become more reliant on Chinese goods since the pandemic started in 2020, Bernstein analysts said.
Texas keeping most truck inspections despite border gridlock
One of the busiest trade ports on the U.S.-Mexico border remained effectively closed Wednesday amid new orders requiring extra inspections of commercial trucks.
Stock Picks, Stock Market Investing
As wheat and corn futures continue to surge, and fertilizer prices ride the commodity boom, some investors are reaping big gains
BlackRock's Larry Fink, who oversees $10 trillion, says Russia-Ukraine war is ending globalization
Larry Fink, CEO and chairman of the world's biggest asset manager, BlackRock, said Russia's invasion of Ukraine has ended globalization.