As wages rise in China, US dependent export products may become more expensive at a time least convenient to the struggling, fragile U.S. economy.
As wages rise in China, US dependent export products may become more expensive at a time least convenient to the struggling, fragile U.S. economy.
An interesting, mostly below-the-radar note (for some reason this story had little traction in the brief window of its relevance, and I missed it entirely until now): from April 2009 to March 2010, Cubans that owned cars were allowed to import new cars from abroad as replacements. The idea was to get some of the […]
Completely unrelated to U.S.-Cuban diplomatic relations (or lack thereof), Cuban imports of U.S. agricultural products—exempted from the 48-year embargo since the year 2000—declined by 26 percent last year, from a peak of $710 million in 2008 to $528 million in 2009. The United States remains the largest seller of food to Cuba. American analysts judge […]
China overtakes Germany as the worlds leading exporting nation, setting a new milestone. Germany had previously supplanted the United States in 2003.
Although most projections show a continuation of positive growth in 2010, questions about the strength and sustainability of the recovery remain. To provide an economic outlook for the new year, the Carnegie Endowment on 5 Jan, hosted a distinguished panel of the heads of the economic forecasting unit at their respective organizations.
El Universal reported that a decline in revenue from oil sales caused imports into Venezuela to drop by 49% during the first six months of 2009. Despite a recent increase the value of petroleum, Venezuela has experienced a sharp reduction in available funds since the price of a barrel of oil is just over $65, […]